Wrapped eETH (WEETH) is currently trading at $3,275.4, reflecting a 4.01% decline over the past 24 hours. The daily trading range has been substantial, with a high of $3,450.6 and a low of $3,245.71, indicating high volatility in market sentiment.

Volume over the last 24 hours stands at approximately 9.43 million, with a volume-to-market cap ratio of 0.12%, suggesting relatively low trading activity compared to its market capitalization. The moving averages indicate a bearish trend, with the 8 SMA at $3,277.09, slightly below the current price, while longer-term SMAs are showing more pronounced declines.

The 1-hour Relative Strength Index (RSI) is significantly low at 24, suggesting that WEETH is oversold in the short term, while the 7-day RSI at 51 indicates a neutral stance. Price changes over varying periods highlight mixed sentiment: a slight decrease over the past week, but a notable recovery over the last 14 days, which saw an increase of 11.22%.

Despite the recent bearish momentum, the longer-term outlook remains constructive as indicated by the 14-day price change. However, the 30-day price change shows a decline of 12.29%, suggesting that the recent rally may not have established a strong upward trend.

Considering these factors, the current price sits significantly below its all-time high of $5,296.78, which was reached in August 2025. Given the oversold conditions indicated by the RSI and potential for a bounce back, I recommend a Buy rating for WEETH at this price level, focusing on short to medium-term recovery potential amidst high volatility.