Lido Staked Ether (STETH) is currently trading at $3,092.82, reflecting a 24-hour decline of 4.85%. The daily price range has fluctuated significantly, with a high of $3,253.64 and a low of $3,052.61, indicating heightened volatility in the market.

The trading volume stands at approximately $29.68 million, with a volume-to-market cap ratio of 0.11%, suggesting relatively low trading activity compared to the market cap. Short-term moving averages are mixed; the 8 and 13-period SMAs indicate slight upward momentum, while the longer-term 21 and 55 SMAs show bearish trends, suggesting potential resistance around the $3,135 mark.

The 1-hour RSI at 61 indicates that STETH is nearing overbought territory, which could lead to a short-term price correction. Conversely, the 7-day RSI of 51 reflects a neutral market sentiment, supporting the view that STETH could stabilize around current levels in the near term.

Over the last 30 days, STETH has experienced a price decline of approximately 12.73%, reflecting a bearish trend in the medium term. However, the recent 7-day and 14-day price changes of 1.80% and 2.02%, respectively, indicate a potential recovery phase, albeit on a short-term basis.

Given the substantial price drop from its all-time high of $4,932.89, STETH remains significantly undervalued. If the price can hold above $3,050, it may attract buyers, but a sustained move below this level could signal further downside risk.

Considering the current technical indicators and recent price movements, the rating for Lido Staked Ether (STETH) is Hold. This recommendation is based on the mixed signals from moving averages and RSI, indicating that while there may be short-term volatility, a clear direction has not yet emerged for a confident buy or sell decision.