Mantle Staked Ether (METH) is currently priced at $2,889.58, reflecting a 24-hour decline of 2.56%. The daily trading range has been notably wide, with a high of $3,001 and a low of $2,883.34, indicating volatility in the market.

Trading volume stands at 1,674,421, with a volume-to-market cap ratio of 0.22%, suggesting relatively low liquidity at this price point. The short-term moving averages reveal a downward trend, with the 8-period SMA at $2,926.65 and the 13-period SMA at $2,935.74, both showing negative changes, which further confirms bearish momentum.

The 1-hour RSI is at 33, indicating that METH is approaching oversold territory, while the 7-day RSI is slightly higher at 43, showing that there might still be some room for downward movement. Additionally, the 7-day price change is down 10.02%, with longer-term metrics indicating a 14-day decline of 19.00% and a 30-day decline of 10.36%, which highlights significant bearish sentiment.

The all-time high for METH stands at $5,312.55, achieved on August 24, 2025, but current prices are far below this level, suggesting a considerable distance from previous peaks. Given the prevailing downward trends across multiple time frames, and the relatively low RSI readings indicating potential selling pressure, market participants may want to exercise caution.

Based on this analysis, a Sell rating is recommended for METH. The current bearish momentum, coupled with declining RSI values and significant recent losses, suggests further downside risk in the near term.