Lido Staked Ether (STETH) is currently priced at $3,022.43, reflecting a 24-hour decrease of 4.08%. The daily trading range has been quite volatile, with a high of $3,185.88 and a low of $3,012.27, indicating a daily range percentage of 173.61%.

The trading volume over the past 24 hours stands at approximately $57 million, with a volume-to-market cap ratio of 0.22%, suggesting relatively low trading activity compared to the overall market cap. Short-term moving averages are showing negative momentum, with the 8 SMA at $3,151.06 and the 13 SMA at $3,154.62, both down over 4%, while longer-term averages like the 144 SMA indicate a slight uptrend at $3,006.77.

The 1-hour RSI is currently at 29, indicating that STETH is in oversold territory, which may suggest potential for a short-term bounce. Conversely, the 7-day RSI is neutral at 50, while the 14-day price change shows a positive trend of 12%, contrasting with a 30-day decline of approximately 10.79%, indicating longer-term bearish sentiment.

Given the current market conditions, the potential for a short-term rebound exists due to oversold signals, yet broader trends remain bearish. The significant decline over the past month and the resistance indicated by short-term moving averages suggests caution.

Based on this analysis, I recommend a Hold rating for STETH. The near-term oversold conditions could allow for potential recovery, but the longer-term trend remains negative, warranting a wait-and-see approach before making any buying decisions.