Wrapped eETH (WEETH) is currently priced at $3,352.11, reflecting a significant decline of 4.26% over the past 24 hours. The daily trading range of $227.17 indicates heightened volatility, with a high of $3,533.60 and a low of $3,306.43.

The trading volume stands at approximately $9.29 million, which equates to 0.10% of the market cap, indicating relatively low trading activity. The hourly moving averages show a consistent downward trend, with the 8 SMA at $3,440.13 down 2.56% and the 55 SMA at $3,511.45 down 4.54%, reinforcing bearish sentiment.

The 1-hour RSI is critically low at 19, suggesting that WEETH is oversold in the short term, which could lead to a potential bounce-back. Conversely, the 7-day RSI at 51 indicates a neutral momentum, while the 14-day change reflects a slight uptick, hinting at a possible stabilization in price.

Over the past 30 days, WEETH has declined by nearly 9.28%, suggesting a bearish trend in the medium term. The all-time high of $5,296.78, achieved on August 24, 2025, indicates substantial room for recovery but emphasizes the current market's volatility.

Considering the technical indicators and recent performance, the immediate outlook for WEETH is bearish due to the downward price action and low RSI readings. However, the oversold condition could lead to short-term buying opportunities if a reversal occurs.

Overall, the recommendation is to Hold WEETH for now, as the potential for recovery exists, but further downward pressure could materialize if the broader market trends continue. Monitoring key support levels around $3,300 will be crucial for making future trading decisions.