Wrapped eETH (WEETH) is currently priced at $3,476.97, showing a 24-hour change of -3.40%. The daily trading range has been relatively wide at 182.91%, with a high of $3,654.70 and a low of $3,471.79, indicating significant volatility in the short term.

Volume stands at 7,097,021, which corresponds to a volume-to-market cap ratio of 0.07%, suggesting a low level of trading activity compared to the overall market cap. The 1-hour Relative Strength Index (RSI) is at 23, indicating that WEETH is currently oversold, while the 7-day RSI at 53 suggests a neutral position, reflecting mixed sentiment over a longer timeframe.

Moving averages indicate a bearish trend, with the 8-day simple moving average (SMA) at $3,623.34, down 4.04%, and the 144-day SMA at $3,572.19, down 2.67%. This downward pressure in the short to medium term suggests that WEETH has not found significant support and could face continued selling pressure.

Fundamentally, the price is still well below its all-time high of $5,296.78, achieved on August 24, 2025, which highlights the potential for recovery but also the risks associated with downward momentum. The 30-day price change of +7.36% suggests some recent upward movement, but it is insufficient to indicate a robust recovery trend.

Given the current oversold conditions indicated by the low 1-hour RSI and the overall bearish trend reflected in moving averages, a cautious approach is warranted. Therefore, the recommendation is to Hold WEETH at this time, as there may be potential for recovery in the near term, but risks remain elevated given the recent price action and market sentiment.