WETH is currently trading at $2,821.04, showing a slight 24-hour increase of 0.59612%. The daily trading range indicates volatility, with a high of $2,879.93 and a low of $2,765.12, resulting in a daily range of 114.81%.

Trading volume over the last 24 hours stands at approximately 343.6 million, which constitutes 4.60% of its market cap. The moving averages present a mixed picture, with the 8, 13, and 21-hour SMAs showing slight declines, while the 55-hour SMA is positive, indicating potential short-term support around $2,786.09.

The 1-hour RSI at 50 suggests a neutral market sentiment, while the 7-day RSI at 46 indicates a bearish trend approaching oversold conditions. Over the past week, WETH has decreased by 11.76%, and its longer-term trends show declines of 21.80% over 14 days and 28.19% over 30 days.

The all-time high of $4,950.08 achieved on August 24, 2025, serves as a significant resistance point, indicating that the current price is approximately 43% below this level. Given the recent price action and RSI indicators, WETH appears to be consolidating, but the overall trend remains bearish.

Considering the current technical indicators and the overall market trend, a Hold rating is advised. This position allows for potential upside if the market reverses, while also acknowledging the risks of further downside in the near term.