Wrapped stETH (WSTETH) is currently trading at $2,989.61, reflecting a significant 24-hour decline of 9.67%. The price has experienced a substantial daily range of $455.66, indicating heightened volatility as it fluctuated between a high of $3,311.33 and a low of $2,855.67.

The volume of $30,958,563 corresponds to a low volatility-to-market cap ratio of 0.30%, suggesting that trading activity is subdued relative to the asset's market cap. Short-term technical indicators show bearish signals, with the 1-hour RSI at 21, indicating oversold conditions, while the 7-day RSI at 39 suggests a lack of buying momentum.

Moving averages indicate a downward trend, with the 8-day SMA at $2,957.16 showing a slight upward movement, while longer-term SMAs exhibit declining values, reflecting overall bearish sentiment. Notably, the 55-day SMA is at $3,273.03, down 8.66%, demonstrating that price action has consistently fallen below this critical resistance level.

The 7-day price change is down 17.40%, the 14-day change at -26.10%, and the 30-day change at -18.54%, all indicating a prolonged downtrend in WSTETH's price. The asset's all-time high of $7,256.02, reached in May 2022, is a stark contrast to the current price, emphasizing the significant drawdown from historical highs.

Given the technical indicators, bearish momentum, and lack of buying interest reflected in the RSI metrics, the outlook for WSTETH remains negative. Therefore, the recommendation is to Sell, as the market conditions do not favor a recovery in the near term.