Lido Staked Ether (STETH) is currently trading at $2,421.74, showing a significant 24-hour decline of 8.19%. The price has fluctuated between a high of $2,651.49 and a low of $2,337.90, indicating a daily range of 313.59%, which reflects heightened volatility.

The volume over the past 24 hours stands at $115,049,260, corresponding to a volume-to-market cap ratio of 0.50%. Short-term moving averages suggest a bearish trend, with the 8-period simple moving average (SMA) at $2,439.42 showing a slight decline of 0.72%, while the longer 55-period SMA is significantly lower at $2,630.27, down 7.93%.

Both the 1-hour and 7-day Relative Strength Index (RSI) are at 38, indicating that STETH is approaching oversold territory. The 7-day price change of -17.51% and 14-day change of -26.76% further suggest a lack of bullish momentum in the short to medium term.

Given the recent price action and technical indicators, STETH faces downward pressure, particularly below the 21 SMA at $2,485.27. The all-time high of $4,932.89, reached on August 24, 2025, seems distant, and current market sentiment does not support a recovery in the immediate future.

Considering the bearish trend, overextended RSI readings, and significant price declines over various timeframes, a "Sell" rating is warranted. Investors should look to exit positions or reassess their strategy until clearer signs of recovery emerge.