Lido Staked Ether (STETH) is currently trading at $2,421.17, reflecting a significant decline of 11.60% over the past 24 hours. The daily price range of $411.41 indicates high volatility, with a 24-hour high of $2,749.31 and a low of $2,337.90, suggesting bearish market sentiment.

Trading volume stands at approximately $94.31 million, with a volume-to-market cap ratio of 0.41%, indicating moderate trading activity relative to its market capitalization. The short-term moving averages confirm a downward trend, with the 8 SMA at $2,559.20 showing a decline of 5.39%, while the 55 SMA and 144 SMA show steeper declines of 11.04% and 15.27%, respectively.

The 1-hour RSI is critically low at 9, suggesting that STETH is severely oversold in the short term, which could lead to a potential rebound. However, the 7-day RSI at 41 indicates a lack of upward momentum, compounded by a 7-day price change of -18.14%, a 14-day change of -27.02%, and a 30-day change of -18.88%, reflecting a sustained bearish trend.

Historically, STETH reached an all-time high of $4,932.89 in August 2025, indicating substantial room for growth if market conditions improve. However, the current price is significantly below this peak, which may deter investors amid ongoing market volatility.

Given the severe oversold conditions indicated by the RSI and the potential for a short-term recovery, a cautious "Hold" rating is recommended. Investors should monitor for signs of stabilization or a rebound before making any additional commitments, as the prevailing bearish trend could continue in the absence of positive catalysts.