Lido Staked Ether (STETH) is currently trading at $2,700.20, reflecting a 24-hour decrease of 4.18%. The daily trading range has been significant, with a high of $2,820.89 and a low of $2,651.62, indicating volatility in the market.

The volume of 41,992,013 corresponds to a low market cap ratio of 0.16%, suggesting subdued trading activity relative to the overall market. Technical indicators reveal downward pressure, with the 1-hour RSI at 36 indicating potential oversold conditions, while the 7-day RSI at 43 supports the bearish trend.

Short-term moving averages are all below the current price, with the 8 and 13 SMA at approximately $2,728.59 and $2,728.71, indicating resistance. The 21 SMA at $2,746.26 and 55 SMA at $2,869.75 further highlight the bearish sentiment as prices are struggling to break through these levels.

Over the past week, STETH has experienced an 8.59% decline, with a more pronounced drop of 17.96% over the past 14 days. The 30-day price change of -9.11% reinforces a longer-term downward trend, suggesting a lack of bullish momentum.

Given the current price action, resistance levels, and negative price changes across multiple timeframes, the outlook for STETH remains weak. Therefore, a Sell rating is warranted, as the prevailing trends indicate continued downside risk, particularly if the price fails to reclaim key moving average levels.