Lido Staked Ether (STETH) is currently trading at $2,926.22, reflecting a 3.42% decline over the last 24 hours. The daily price range has been notable, with a high of $3,037.01 and a low of $2,920.25, indicating volatility in market sentiment.

Trading volume stands at approximately $23.72 million, with a volume-to-market cap ratio of 0.09%, suggesting relatively low trading activity compared to its market capitalization. The hourly moving averages show a downward trend, with the 8 SMA at $2,944.27 indicating a 0.61% decline and the 13 SMA at $2,956.98 down by 1.04%.

The 1-hour Relative Strength Index (RSI) is critically low at 17, suggesting that STETH is oversold in the short term. However, the 7-day RSI at 49 indicates a neutral position, reflecting that the asset has not entered a strong trend in either direction over the past week.

Over the past 7 days, STETH has seen a price drop of 2.46%, while the 14-day and 30-day changes are more pronounced, at -13.06% and -1.50%, respectively. This indicates a more significant bearish trend in the medium term, potentially driven by market corrections or external factors affecting investor sentiment.

With an all-time high of $4,932.89, the current price reflects a substantial discount, suggesting potential long-term value. However, the recent price action and moving average trends indicate that caution is warranted in the short term due to ongoing selling pressure.

Based on the analysis, the recommendation for STETH is to Hold. The oversold condition on the 1-hour RSI suggests a possible short-term recovery, while medium-term trends indicate further monitoring is required before making any aggressive moves.