Wrapped eETH (WEETH) is currently priced at $3,282.14, reflecting a significant decline of 6.04% over the last 24 hours. The asset's daily range has been notably volatile, with a high of $3,501.22 and a low of $3,265.93, indicating market uncertainty.

Trading volume stands at approximately $17.37 million, which corresponds to a volume-to-market cap ratio of 0.18%. This suggests relatively low trading activity compared to the overall market capitalization, signaling cautious investor sentiment amid recent price declines.

The hourly moving averages are bearish across various timeframes, with the 8 SMA at $3,391.28 down 3.22% and the 144 SMA at $3,564.98 down 7.93%. The downward trajectory of these moving averages indicates persistent selling pressure, confirming a short-term bearish outlook.

The 1-hour RSI is extremely low at 16, signaling potential oversold conditions that could lead to a corrective bounce. However, the 7-day RSI at 38 remains below the neutral level of 50, suggesting continued weakness in momentum and a lack of buying interest.

Over the past week, WEETH has experienced a price change of -3.82%, while the 14-day change is more severe at -6.57%. In contrast, the 30-day price change of 2.10% indicates a slight recovery over a longer timeframe, but recent performance is concerning.

With an all-time high of $5,296.78 reached in August 2025, WEETH has significant upside potential if recovery occurs. However, current technical indicators and momentum suggest that the asset remains under pressure and may continue to face selling in the short term.

Given the current bearish sentiment, low RSI values, and the downward trend in moving averages, the rating for WEETH is a Sell. Short-term traders should consider exiting positions until clearer signs of a reversal or a bullish trend emerge.