Lido Staked Ether (STETH) is currently priced at $2,866.54, reflecting a 24-hour change of -2.46%. The daily range has been notably volatile, with a high of $2,943.05 and a low of $2,789.73, indicating a significant swing of $153.32 within the day.

Volume has been relatively low at $22,436,194, translating to a volume-to-market cap ratio of only 0.08%. The hourly moving averages show a bearish trend, particularly the 55 SMA at $2,931.95 and the 144 SMA at $2,971.10, both indicating downward pressure on price over longer time frames.

The short-term RSI at 34 suggests that STETH is in oversold territory, which could imply potential for a bounce; however, the 7-day RSI at 42 indicates continued weakness. Over the last week, STETH has experienced a decline of 10.61%, further confirming bearish sentiment as both the 14-day and 30-day price changes are negative.

From a technical standpoint, the resistance levels are well-defined, with significant hurdles above the current price, particularly at the 55 SMA and 144 SMA levels. Given the current market conditions and the absence of strong buying pressure, it is prudent to remain cautious as sellers dominate.

Considering these factors, the recommendation is to Hold STETH at this time. The lack of bullish momentum, coupled with recent downward trends, suggests that further declines could occur before a more significant recovery is feasible.