Mantle Staked Ether (METH) is currently priced at $3,650.47, reflecting a notable 5.17% increase over the last 24 hours. The daily trading range has been substantial, with a high of $3,737.11 and a low of $3,470.99, indicating high volatility and investor interest.

The volume over the past 24 hours stands at 4,323,954, with a volume-to-market cap ratio of 0.51%, suggesting moderate trading activity relative to its market capitalization. The short-term moving averages show mixed signals; the 8 SMA and 13 SMA are declining, while the 21 SMA shows a slight increase, indicating potential upward pressure in the near term.

In terms of momentum, the 1-hour Relative Strength Index (RSI) is at 63, suggesting that METH is nearing overbought territory in the short term. Conversely, the 7-day RSI at 42 indicates a more bearish outlook, reflecting downward price momentum over the past week, with a 7-day price change of -13.27% and a 30-day price change of -27.85%.

Given that METH has not yet approached its all-time high of $5,312.55, there remains potential for recovery in the long term, but the recent price trends and RSI readings indicate underlying weakness. The current technical indicators suggest that while there may be short-term upward potential, the longer-term trend remains bearish, warranting a cautious approach.

Based on this analysis, the recommendation is to Hold METH. The recent price surge suggests some short-term opportunity, but the longer-term bearish indicators, particularly the RSI readings and price changes over the past month, imply that investors should avoid aggressive buying at this stage.