Lido Staked Ether (STETH) is currently trading at $2,796.62, reflecting a 24-hour change of -1.96%. The price has oscillated between a high of $2,867.78 and a low of $2,725.50 in the past day, indicating volatility with a daily range of 142.28%.

The trading volume stands at approximately $85.5 million, contributing to a volume-to-market cap ratio of 0.35%. Short-term moving averages reveal mixed signals, with the 8 SMA at $2,762.40 showing a slight positive trend (+1.24%), while the longer 144 SMA at $2,973.15 indicates a bearish trend (-5.94%).

The Relative Strength Index (RSI) for the past hour is at 39, suggesting STETH is nearing oversold conditions, while the 7-day RSI at 46 indicates a weakening momentum. Over the past week, STETH has declined by 4.85%, with a more pronounced 14-day drop of 7.67% and a significant 30-day decline of 27.62%.

Fundamentally, STETH is facing pressure from a broader market downturn, as indicated by its substantial deviation from the all-time high of $4,932.89 recorded on August 24, 2025. Current price action and bearish moving averages suggest that selling pressure is prevalent, limiting upside potential in the near term.

Given the current technical indicators and fundamental outlook, a cautious approach is warranted. The price is below critical moving averages, and the RSI suggests limited bullish momentum, leading to a rating of Hold. This strategy allows for potential recovery if bullish momentum returns, while avoiding premature entry in a downward trend.