Wrapped eETH (WEETH) is currently trading at $3,185.58, reflecting a 24-hour change of -1.95%. The daily price range has been notably volatile, with a high of $3,272.67 and a low of $3,123.19, indicating a daily range of 149.48%.

Trading volume stands at $26,801,400, contributing to a volume-to-market cap ratio of 0.28%. The hourly moving averages show a declining trend, with the 8 SMA at $3,205.06, indicating a decrease of 0.61%, while the 144 SMA is significantly lower at $3,487.23, reflecting a decline of 8.65%.

The RSI metrics reveal bearish momentum; the 1-hour RSI is at 43, suggesting a neutral trend, whereas the 7-day RSI is at 37, indicating oversold conditions. Over the past week, WEETH has seen a price drop of approximately 12.24%, with longer-term metrics also showing declines of 6.81% over 14 days and 2.86% over 30 days.

Fundamentally, WEETH is far from its all-time high of $5,296.78, reached on August 24, 2025. This gap underscores the current bearish sentiment in the market, compounded by declining moving averages and negative price momentum.

In conclusion, the technical indicators suggest that WEETH is currently in a bearish phase, with significant resistance levels ahead and oversold conditions in the short term. Given the current data and trend analysis, I recommend a Hold rating for WEETH, as potential for short-term recovery may exist, but caution is warranted due to broader market conditions.