Lido Staked Ether (STETH) is currently trading at $3,319.19, reflecting a notable 24-hour increase of 6.26%. The price has fluctuated between a daily high of $3,387.97 and a low of $3,095.76, indicating significant volatility with a daily range of 292.21%.

Trading volume stands at approximately 50.36 million, resulting in a volume-to-market cap ratio of 0.17%, suggesting relatively low liquidity. The hourly moving averages show a bullish trend, with the 55 SMA at $3,112.02 indicating a 6.66% increase, supporting the upward momentum observed in recent trading sessions.

The 1-hour RSI is at 74, indicating that STETH is approaching overbought territory in the short term. In contrast, the 7-day RSI is at 53, which reflects a more neutral stance, suggesting room for further upward movement without immediate overbought concerns.

Looking at price changes, STETH has increased by 10.11% over the past week and 13.34% over the past two weeks, yet it is down 7.31% over the last month. This mixed performance indicates recent strength but highlights potential resistance at higher levels, especially as it approaches the all-time high of $4,932.89.

Given the current bullish momentum and positive short-term indicators, alongside a stable 7-day RSI, the outlook for STETH appears favorable. However, the significant daily range and high RSI levels suggest caution for short-term traders.

Overall, I recommend a Buy rating for STETH. The recent price action, supported by strong volume and moving averages, indicates potential for continued upward movement, while long-term holders may benefit from the ongoing strength despite short-term volatility.