Mantle Staked Ether (METH) is currently priced at $2,797.42, reflecting a 2.59% increase over the past 24 hours. The daily trading range has been relatively volatile, with a high of $2,800.81 and a low of $2,710.62, indicating a 90.19% fluctuation in price.

The volume stands at 1,052,054, translating to a low trading activity relative to the market cap, with a volume-to-market cap ratio of just 0.10%. Short-term moving averages indicate a bullish trend, with the 8-period SMA at $2,782.24 showing a 0.55% increase, while longer-term averages also reflect positive momentum, particularly the 144 SMA at $2,725.65 which has risen by 2.63%.

The 1-hour RSI is at 64, suggesting that the asset is approaching overbought territory, yet the 7-day RSI at 52 indicates a neutral trend, leaving room for further upward movement. Over the past week, METH has appreciated by approximately 7.26%, which aligns with the 14-day change of 7.55%, indicating sustained momentum.

METH remains significantly below its all-time high of $4,729.53 reached in March 2024, presenting a potential growth opportunity as the market continues to recover. With the current price showing resilience above critical moving averages, there is a strong technical foundation supporting further gains.

Given the current bullish sentiment, positive short-term indicators, and the proximity to previous highs, a Buy rating is warranted. Traders should consider entry points around the current price, with a stop-loss just below the recent low of $2,710.62 to manage risk effectively.