WETH is currently trading at $2,663.26, experiencing a decline of 2.78% over the past 24 hours. The price has fluctuated within a daily range of $121.90, with a high of $2,764.86 and a low of $2,642.96, indicating a volatile market environment.

The trading volume stands at approximately $96.56 million, with a volume-to-market cap ratio of 1.62%, suggesting moderate liquidity. However, the hourly moving averages indicate a bearish trend, with the 8 SMA at $2,698.61 showing a decline of 1.31% and the 55 SMA significantly lower at $2,808.60, down 5.17%.

The RSI indicators reveal oversold conditions, particularly with the 1-hour RSI at 33, while the 7-day RSI at 43 suggests continued weakness. The 7-day, 14-day, and 30-day price changes are all negative, indicating that WETH has been on a downward trajectory over the short to medium term.

Given that the current price is well below the significant moving averages and the declining RSI values, the momentum appears to favor sellers. Additionally, the price is approximately 46% below its all-time high of $4,950.08, highlighting the long-term bearish sentiment in the market.

In conclusion, the combination of declining price momentum, negative RSI indicators, and lower trading volumes suggests a lack of buying interest. Based on this analysis, I recommend a Sell rating for WETH, as the market shows signs of continued weakness with potential for further declines.