Mantle Staked Ether (METH) is currently trading at $3,382.47, reflecting a 2.94% increase over the last 24 hours. The asset has seen a daily high of $3,397 and a low of $3,185.9, indicating a daily trading range of $211.1, which contributes to a relatively volatile market environment.

The volume of METH traded in the last 24 hours stands at 4,231,495, with a volume-to-market cap ratio of 0.57%, suggesting moderate trading activity. The hourly moving averages show a bullish trend, with the 8 SMA at $3,336.28 and a positive change of 1.38%, while longer-term SMAs also reflect upward momentum, especially the 21 SMA at $3,299.67, which is up by 2.51%.

In terms of momentum indicators, the 1-hour RSI is at 60, indicating that METH is approaching overbought territory but not yet overstretched. The 7-day RSI at 57 shows that the asset has maintained a stable upward trajectory, supported by a 7-day price change of 11.36% and a 14-day change of 9.76%, although the 30-day change is down by 9.23%, reflecting previous volatility.

The all-time high for METH is $5,312.55, achieved on August 24, 2025, which suggests significant upside potential if the current bullish sentiment continues. Given the current upward momentum, technical indicators, and recent price behavior, the market sentiment appears favorable for METH.

Considering the combination of positive short-term momentum, recent price increases, and the potential for a rally towards previous highs, a Buy rating is warranted for Mantle Staked Ether at this time. This recommendation is based on current technical indicators indicating upward trends and the asset's position within a volatile but potentially rewarding trading environment.