Wrapped stETH (WSTETH) is currently trading at $3,644.92, reflecting a notable 7.12% increase over the last 24 hours. The price has fluctuated between a daily high of $3,699.33 and a low of $3,399.79, indicating a high volatility with a daily range of 299.54%.

Trading volume has reached approximately $88.29 million, contributing to a volume-to-market cap ratio of 0.73%. The hourly moving averages indicate bullish momentum, with the 8 SMA at $3,546.09 showing an increase of 2.79%, and the longer-term averages also trending upwards, reinforcing the short-term upward price action.

Technical indicators reveal that the 1-hour RSI stands at 81, indicating overbought conditions, while the 7-day RSI at 49 suggests a neutral stance. The 7-day price change of 2.44% contrasts with a more negative 14-day change of -4.85% and a significant 30-day decline of -22.37%, pointing to recent recovery but underlying bearish sentiment over the longer term.

Considering the all-time high of $7,256.02 from May 2022, WSTETH remains significantly below this peak, with potential for growth as the market stabilizes. However, the current overbought RSI on an hourly basis suggests a possible short-term correction.

Overall, while the recent price increase indicates a bullish trend in the short term, the longer-term indicators and volatility signal caution. Therefore, the recommendation is to Hold WSTETH at this juncture, monitoring for potential entry points should the price stabilize or correct.