Wrapped stETH (WSTETH) is currently priced at $3,560.10, showing a marginal 24-hour change of 0.00991%. The daily trading range is notably wide at 101.3%, with a high of $3,639.25 and a low of $3,537.95, suggesting increased volatility and potential trading opportunities.

The trading volume stands at approximately $85.97 million, translating to a volume-to-market cap ratio of 0.76%, indicating relatively low trading activity compared to its market capitalization. Short-term moving averages, specifically the 8 SMA at $3,581.03 and the 13 SMA at $3,594.53, are both in a slight downtrend, suggesting bearish momentum in the immediate term.

The 1-hour RSI is at 28, indicating that WSTETH is in oversold territory, which may present a short-term buying opportunity. In contrast, the 7-day RSI at 48 reflects a neutral position, while the 14-day RSI indicates a potential weakness in the trend, particularly with a -12.06% change over the past two weeks.

From a longer-term perspective, WSTETH's price has seen a 4.1% increase over the last 30 days; however, the recent downward trend over the last two weeks warrants caution. The all-time high remains significantly distant at $7,256.02, suggesting that the asset has substantial room for recovery, though this also highlights the current price's relative weakness.

Given the current oversold conditions indicated by the RSI and the wider daily range, WSTETH presents an opportunity for traders looking to capitalize on potential short-term rebounds. However, the recent price declines and bearish moving averages suggest a cautious approach is warranted.

Rating: **Hold**. While short-term trading opportunities may arise, the bearish momentum and recent price action indicate that a more favorable entry point may develop in the near future.