Lido Staked Ether (STETH) is currently trading at $3,205.74, reflecting a 24-hour decline of 3.40%. The price has fluctuated within a daily range of $173.05, with a high of $3,363.80 and a low of $3,190.75, indicating increased volatility.

The trading volume stands at 16,455,645, representing a low 0.06% of the market cap, suggesting limited market activity. The moving averages indicate bearish momentum, with the 8 SMA at $3,231.23 down 0.79% and the 55 SMA at $3,299.80 down 2.85%, highlighting a consistent downward trend in short-term prices.

The Relative Strength Index (RSI) shows a concerning 22 on the hourly scale, signaling that STETH is heavily oversold in the short term. However, the 7-day RSI at 53 indicates that the asset is nearing a neutral position, suggesting potential stabilization or recovery in the near future.

Over the past week, STETH has experienced a price increase of 2.97%, while the 14-day and 30-day changes are 1.21% and 7.52%, respectively, showing a slight bullish trend over the longer term. Despite the recent price drop, the asset remains significantly below its all-time high of $4,932.89, suggesting a substantial potential for recovery.

Based on the current analysis, STETH is exhibiting signs of short-term weakness but holds a more neutral to positive outlook over the longer term. Given the current oversold conditions and potential for a rebound, I recommend a Hold rating, as investors should monitor for signs of recovery while being cautious of continued volatility.