Wrapped eETH (WEETH) is currently priced at $3,435.73, reflecting a 24-hour decline of 5.25%. The price has fluctuated between a high of $3,718.73 and a low of $3,421.69 within the same period, indicating heightened volatility with a daily range of 297.04%.

The trading volume stands at 9,020,276, with a low volume-to-market cap ratio of 0.10%, suggesting reduced market participation. Short-term moving averages (8 SMA at $3,468.20 and 13 SMA at $3,489.11) are showing bearish trends, while the longer-term moving averages (21 SMA at $3,545.38 and 55 SMA at $3,538.48) reflect more pronounced downward pressure, except for the 144 SMA, which indicates a slight bullish divergence at $3,407.45.

The 1-hour RSI is critically low at 11, indicating potential oversold conditions, while the 7-day RSI at 53 suggests a neutral trend. Despite a recent 7-day price increase of approximately 0.68%, the 30-day price change shows a decline of 8.59%, emphasizing a longer-term bearish sentiment.

The all-time high for WEETH stands at $5,296.78, achieved on August 24, 2025, highlighting significant room for recovery. However, current technical indicators and the recent price drop reflect increased selling pressure and uncertainty in the market.

Given the bearish trend in both short- and medium-term moving averages combined with the critical low RSI, I recommend a Sell rating for WEETH. The price action suggests further declines may be imminent, and it would be prudent to exit positions until clearer bullish signals emerge.