Wrapped stETH (WSTETH) is currently trading at $3,707.49, experiencing a modest 24-hour change of 0.29%. The daily price range indicates volatility, with a high of $3,736.46 and a low of $3,681.62, showcasing a daily range of 54.84%.

Trading volume over the last 24 hours stands at approximately $25.12 million, contributing to a relatively low volume-to-market cap ratio of 0.20%. The hourly moving averages suggest a bearish sentiment, with the 8 SMA at $3,719.87 and a decline of 0.33%, alongside the 13 SMA and 21 SMA also trending downward.

The short-term 1-hour RSI is at 38, indicating that WSTETH may be oversold in the immediate term. Conversely, the 7-day RSI of 55 suggests that the asset is more stable, having experienced a 7-day price increase of 1.36%, while a longer-term 14-day price change of 8.24% indicates a recovering trend.

However, the 30-day price change shows a decline of 9.06%, reflecting bearish pressure over a longer timeframe. The asset is currently trading significantly below its all-time high of $7,256.02, which could deter new investors and reflects market hesitance.

Given the bearish short-term indicators alongside mixed mid-term trends, the recommendation is to Hold WSTETH. Maintaining this position allows investors to observe potential upward momentum while mitigating losses during ongoing volatility.