Wrapped eETH (WEETH) is currently priced at $3,215.29, reflecting a 1.38% increase over the past 24 hours. The asset has experienced a daily trading range of $100.07, with a high of $3,239.12 and a low of $3,139.05, indicating notable volatility.

Trading volume stands at 7,860,592 WEETH, which corresponds to a market cap volume ratio of 0.09%. The short-term moving averages present mixed signals, with the 8-period SMA at $3,217.21 showing a slight decline of 0.06%, while the 13-period SMA at $3,201.93 and 21-period SMA at $3,199.75 indicate upward momentum of 0.42% and 0.49%, respectively.

The 1-hour RSI is at 66, suggesting that WEETH is approaching overbought territory, while the 7-day RSI is neutral at 50, indicating a balance between buying and selling pressures. Over the past week, WEETH has experienced a slight price change of 0.44%, but the 14-day change shows a more significant decline of 8.55%, reflecting bearish sentiment in the longer term.

Despite the recent price uptick, the 30-day price change remains positive at 2.08%, indicating potential for recovery. However, the current price is significantly below its all-time high of $5,296.78, which suggests substantial room for appreciation but also highlights the risk of continued downward pressure.

In conclusion, while WEETH shows some signs of short-term upward momentum, the longer-term trend is concerning with a notable drop over the past two weeks. The mixed signals from moving averages and RSI readings suggest caution; therefore, a Hold rating is recommended as traders should wait for clearer bullish signals before committing to new positions.