WETH is currently priced at $2,718.51, reflecting a slight decline of 0.25% over the past 24 hours. The asset has seen a daily range of $120.83, with a high of $2,800.63 and a low of $2,679.80, indicating volatility within this period.

Trading volume stands at 134,853,109, representing a volume-to-market cap ratio of 1.88%, suggesting a relatively lower trading activity compared to its market capitalization. Moving averages indicate bearish momentum, with the 8 SMA at $2,739.09 showing a 0.75% decline, while the longer 144 SMA is significantly lower at $2,980.38, down 8.79%.

The Relative Strength Index (RSI) values provide additional insights into the asset's momentum. The 1-hour RSI at 38 indicates potential oversold conditions, while the 7-day RSI at 44 suggests a weakening trend but is not yet in oversold territory, reflecting a cautious market sentiment.

Over the past week, WETH has decreased by approximately 13.84%, and this decline extends further, with a 14-day change of 20.21% and a 30-day change of 29.71%. The asset is currently trading significantly below its all-time high of $4,950.08, which was recorded in August 2025, indicating long-term bearish sentiment.

Considering the current technical indicators, particularly the declining moving averages and bearish RSI readings, the overall market sentiment appears negative. Given these factors, a Sell rating is warranted, as there is potential for further declines in price amid a weakening demand and prevailing bearish trends.