Wrapped stETH (WSTETH) is currently trading at $3,625.50, reflecting a 0.93% increase over the past 24 hours. The daily trading range has been quite volatile, with a high of $3,680.12 and a low of $3,549.42, indicating a substantial daily range of 130.7%.

The trading volume stands at approximately $20.5 million, with a volume-to-market cap ratio of 0.17%, suggesting relatively low market activity compared to its overall market capitalization. Short-term moving averages indicate mixed signals; while the 8 SMA and 13 SMA are showing slight upward momentum, the 55 SMA is trending down, reflecting potential resistance around the $3,631 level.

The 1-hour RSI is at 54, indicating a neutral short-term trend, while the 7-day RSI at 40 suggests the asset is approaching oversold conditions. The asset has experienced a negative price change of approximately 10.18% over the past week, while the 14-day change is also negative at around 4.19%, highlighting a bearish trend in the medium term.

Despite the recent pullback, WSTETH has seen a slight price increase over the last 30 days of approximately 1.35%. However, the price remains significantly below its all-time high of $7,256.02, which occurred in May 2022, showing the asset is still in a recovery phase from previous highs.

In conclusion, the technical indicators present a mixed picture with slight bullish momentum in the short term but a bearish outlook in the medium term. Given the current market conditions and the negative price trends, I recommend a Hold rating for WSTETH, as investors may want to observe further price action before making any significant moves.