Wrapped stETH (WSTETH) is currently trading at $3,620.03, reflecting a 24-hour decline of 2.09%. The daily price range has shown significant volatility, with a high of $3,715.07 and a low of $3,568.40, resulting in a daily range of 146.67%.

Trading volume stands at approximately $12,988,452, contributing to a volume-to-market cap ratio of 0.11%. The hourly moving averages indicate mixed sentiment, with the 8 SMA at $3,609.60 showing a slight upward trend of 0.29%, while the 144 SMA reflects a downward trend of -5.97% at $3,850.05.

The 1-hour RSI is currently at 35, suggesting that WSTETH is approaching oversold territory, while the 7-day RSI at 40 indicates weak momentum. Over the past week, WSTETH has seen a price change of -10.84%, with longer-term trends also negative, evidenced by the 14-day and 30-day price changes of -4.73% and -0.11%, respectively.

The all-time high for WSTETH was recorded at $7,256.02 on May 13, 2022, suggesting considerable downside potential from current levels. Given the recent price action, declining RSI levels, and negative momentum indicators, WSTETH appears to be under pressure.

Considering the technical indicators and recent price trends, I recommend a Hold rating for WSTETH. The current price levels suggest a potential for short-term recovery, but significant resistance remains, warranting caution before making any aggressive positions.