Lido Staked Ether (STETH) is currently trading at $2,834.69, experiencing a significant decline of 3.63% over the past 24 hours. The price has fluctuated between a high of $3,018.50 and a low of $2,796.57, reflecting a daily range of 221.93%, indicative of high volatility in the market.

Trading volume over the past day stands at approximately 31,334,832, with a volume-to-market cap ratio of 0.13%, suggesting relatively low trading activity compared to its market capitalization. The moving averages show bearish momentum, with the 8 SMA at $2,839.94 and declining to the 144 SMA at $3,050.02, indicating persistent downward pressure.

The 1-hour RSI is at 30, which signals that STETH is potentially oversold in the short term, while the 7-day RSI at 37 suggests continued bearish sentiment over a longer timeframe. Price changes reveal a downward trend, with a 7-day change of -11.13%, a 14-day change of -11.66%, and a 30-day change of -5.97%, indicating a sustained lack of bullish momentum.

Despite the recent downturn, the all-time high for STETH remains significantly higher at $4,932.89, suggesting potential long-term value if market conditions improve. However, the current technical indicators point towards a continued bearish trend, and the lack of recovery signals in the RSI suggests that further downside could be possible.

Considering the current price action, bearish momentum, and technical indicators, the recommendation for STETH is to hold. A wait-and-see approach is advised until clearer signs of a reversal or stabilization in the market emerge, as the risks of further decline remain substantial.