Wrapped eETH (WEETH) is currently trading at $3,139.21, having experienced a 1.49% decline in the last 24 hours. The asset's daily range between a high of $3,193.50 and a low of $3,028.84 indicates significant volatility, with a daily range of 164.66%.

Volume over the past 24 hours stands at approximately 12.95 million, translating to a volume-to-market cap ratio of 0.14%. Short-term moving averages show mixed signals; the 8 SMA and 13 SMA are trending positively, while the 21 SMA is slightly bullish, and the 55 SMA and 144 SMA are in a bearish territory, indicating a potential resistance around $3,174.63 and $3,214.02.

The 1-hour RSI is at 49, suggesting that WEETH is neutral at the moment, while the 7-day RSI at 44 indicates it may be approaching oversold conditions. The price has shown a consistent decline over the past week, down nearly 9.85%, and has declined 7.12% over the past 14 days, highlighting a weakening trend.

Despite the significant drop from its all-time high of $5,296.78 reached in August 2025, the current price indicates potential support levels around $3,028.84. However, with the persistent downward momentum and negative price changes observed over the short to medium term, market sentiment appears cautious.

Given the current technical indicators and fundamental data, the overall market outlook for WEETH is bearish in the short term. Therefore, the recommendation is to Hold, as investors should wait for clearer signs of recovery or stabilization before considering new positions.