Wrapped stETH (WSTETH) is currently priced at $3,627.92, reflecting a 24-hour decline of 2.42%. The price has fluctuated between a high of $3,736.46 and a low of $3,672.22 over the past day, indicating a daily range of 64.24%.

The trading volume stands at approximately $22.2 million, representing 0.18% of the market cap, which suggests moderate trading activity. The hourly moving averages show a consistent downtrend, with the 8 SMA at $3,712.18 and declining rates across longer averages, indicating bearish momentum.

The 1-hour RSI is notably low at 20, signaling potential oversold conditions, while the 7-day RSI at 57 suggests that the asset is nearing neutral territory. Recent price changes indicate a downward trend over the past week (-2.44%), contrasting with a positive 14-day change of 4.82%, which may suggest a short-term correction after recent gains.

In the context of historical performance, the all-time high of $7,256.02 set in May 2022 underscores the significant distance from current levels, indicating long-term bearish pressure. However, the recent uptick in the 14-day change could imply that the asset may stabilize or recover in the medium term.

Considering the technical indicators and recent price movements, the recommendation is to Hold. The low RSI indicates potential for a bounce back, but the overall trend and moving averages suggest caution in taking new positions.