Mantle Staked Ether (METH) is currently trading at $3,254.93, reflecting a 4.51% decline over the past 24 hours. The daily price range has been significant, with a high of $3,408.59 and a low of $3,234.10, indicating heightened volatility in the market.

Trading volume stands at 4,355,304, with a volume-to-market cap ratio of 0.61%, suggesting limited liquidity relative to market capitalization. The hourly moving averages indicate a bearish trend, with all short-term averages (8, 13, and 21 SMA) showing negative changes, while the 55 SMA reflects a more pronounced decline of 3.67%.

The 1-hour Relative Strength Index (RSI) is currently at 47, indicating a neutral momentum that lacks strong buying or selling pressure. Conversely, the 7-day RSI remains at 50, suggesting that METH has stabilized recently, but the 30-day price change of -10.56% indicates a more pronounced downtrend over a longer period.

Fundamentally, the all-time high for METH was $5,312.55, reached on August 24, 2025, presenting a significant potential upside from the current price. However, recent price action and the negative 30-day change signal bearish sentiment and a struggle to regain upward momentum.

Given the current technical indicators and the price action, METH appears to be in a consolidation phase, with potential downside risk if bearish sentiment continues. Therefore, the recommendation is to Hold, as current price levels may provide a favorable entry point for a longer-term recovery, but caution is advised in the short term due to prevailing bearish trends.