Lido Staked Ether (STETH) is currently priced at $2,940.38, reflecting a notable decline of 7.81% over the past 24 hours. The daily trading range has seen a high of $3,194.76 and a low of $2,930.10, indicating increased volatility with a daily range of 264.66%.

Volume activity stands at 31,709,211, resulting in a volume-to-market cap ratio of 0.12%, suggesting relatively low trading interest compared to its market capitalization. The short-term moving averages indicate bearish momentum, with the 8 SMA at $3,057.50 showing a decline of 3.83%, and the longer-term averages like the 144 SMA at $3,270.62 reflecting a drop of 10.10%.

The current RSI metrics are concerning; the 1-hour RSI is at an extreme low of 10, indicating oversold conditions, while the 7-day RSI at 35 suggests the asset is nearing oversold territory but not yet in it. Over the last week, STETH has declined by 11.75%, and both the 14-day and 30-day price changes further confirm the downtrend, with losses of 10.29% and 1.09%, respectively.

Considering the significant drop from its all-time high of $4,932.89, reached on August 24, 2025, it is essential to assess the market sentiment and potential recovery. The high volatility coupled with bearish moving averages and low RSI readings could lead to further short-term declines, but the oversold conditions may present a potential buying opportunity if a reversal occurs.

Based on the current analysis, the recommendation for Lido Staked Ether (STETH) is to Hold. While the oversold condition suggests a possible bounce, the overall bearish trend and recent price movements warrant caution before making a buy decision.