WETH is currently priced at $2,950.87, reflecting a slight decline of 0.34% over the last 24 hours. The daily trading range has been $102.76, with a high of $3,001.64 and a low of $2,898.88, indicating moderate volatility in the short term.

Volume stands at approximately $40.96 million, equating to a 0.61% volume-to-market cap ratio, which suggests a relatively low trading activity compared to market capitalization. The hourly moving averages show mixed signals; the 8 SMA indicates a slight downward trend, while the 13 and 21 SMAs are showing slight positive movements, hinting at potential short-term fluctuations.

The 1-hour RSI is at 56, suggesting that WETH is in neutral territory, while the 7-day RSI at 40 indicates that the asset is approaching oversold conditions. However, the 7-day price change of -10.47% and the 14-day change of -4.30% signify that the asset has faced downward pressure recently, despite a minor uptick over the last 30 days of 0.18%.

In terms of long-term potential, WETH's all-time high of $4,950.08 from August 2025 provides a significant upside target. However, the current price is still significantly below this peak, indicating potential for growth if market conditions become favorable.

Overall, given the mixed indicators and the recent downward trends, a cautious approach is warranted. The current market conditions suggest holding WETH to assess further price movements while remaining alert to possible entry points as the market stabilizes. Therefore, the rating for WETH is Hold, as the asset may present better buying opportunities in the near future while the volatility subsides.