Lido Staked Ether (STETH) is currently priced at $2,947.89, reflecting a 24-hour decline of 2.1%. The asset has shown volatility with a daily range of 118.15%, hitting a high of $3,030.62 and a low of $2,912.47 during the same period.

Trading volume stands at approximately 17.51 million, which accounts for only 0.06% of its market cap, indicating relatively low liquidity. The hourly moving averages indicate a bearish trend, with the 8 SMA at $2,964.15 and the 144 SMA significantly higher at $3,156.90, suggesting a potential resistance level.

The 1-hour RSI is at 26, signaling that STETH is nearing oversold conditions, while the 7-day RSI at 40 indicates weakness but not extreme oversold status. The price has declined by about 10.69% over the past week, and the 14-day and 30-day price changes also show a negative trend, further emphasizing the recent bearish momentum.

Despite the significant drop from its all-time high of $4,932.89 reached on August 24, 2025, the current price may present a potential entry point for long-term investors. However, the lack of buying pressure and low volume suggests caution, as further downside could be possible if the asset fails to stabilize above the recent low.

Given the bearish indicators across moving averages and RSI metrics, along with recent price performance, I recommend a Hold rating for STETH. This allows investors to reassess their positions while monitoring for potential signs of recovery or further declines in the market.