WETH is currently priced at $2,928.68, reflecting a 24-hour decline of 3.36%. The daily price range shows significant volatility, with a high of $3,036.48 and a low of $2,921.11, indicating a daily range of 115.37%.

Trading volume stands at approximately 153.54 million, translating to a volume/market cap ratio of 2.34%. This suggests a moderate level of trading activity relative to its market capitalization, potentially indicating investor hesitation or profit-taking.

Moving averages indicate bearish sentiment, with the 8 SMA at $2,948.09 down 0.66%, and the 55 SMA at $2,977.34 down 1.63%. The 1-hour RSI is critically low at 16, indicating oversold conditions, while the 7-day RSI is neutral at 49, suggesting the potential for stabilization or a trend reversal in the near term.

Over the last week, WETH has seen a price change of -1.85%, and a more pronounced decline of -12.55% over the past 14 days. The 30-day price change is also negative at -1.48%, reinforcing the recent downward momentum.

The all-time high for WETH remains significantly distant at $4,950.08, achieved on August 24, 2025. Current pricing is roughly 41% below this level, suggesting potential upside but also highlighting the need for caution given recent performance.

Given the current bearish trends, particularly the declining moving averages and low RSI, WETH appears to be in a corrective phase. However, the oversold hourly RSI may indicate a potential short-term rebound.

In conclusion, the recommendation is to Hold WETH at this time. This approach allows for observation of market conditions while awaiting signs of stabilization or reversal, particularly with the current low RSI and significant volatility in the daily range.