WETH is currently priced at $3,093.72, reflecting a significant 24-hour decline of 3.60%. The daily price range has been quite volatile, with a high of $3,231.48 and a low of $3,088.48, indicating a daily range of 143% which highlights considerable market fluctuations.

Trading volume stands at approximately 120.95 million, corresponding to a volume-to-market cap ratio of 1.58%. The short-term moving averages are all trending downwards, with the 8-hour SMA at $3,184.74 and the 55-hour SMA at $3,257.94, indicating bearish sentiment in the near term.

The 1-hour RSI is notably low at 11, suggesting that WETH is severely oversold in the short term. Conversely, the 7-day RSI at 42 indicates that while the asset is not yet oversold, it is approaching a critical level where buying pressure may begin to emerge.

Over the last week, WETH has seen a marginal decrease of 1.17%, while the 14-day price change reveals a more pronounced drop of 3.87%. In contrast, the 30-day price change indicates some resilience, with a slight increase of 3.41%, hinting at potential long-term support.

The all-time high for WETH remains significantly distant at $4,950.08, achieved in August 2025, which may create an aspirational target for long-term investors. The current price level suggests that WETH is trading substantially below its historical peak, providing a potential entry point for value investors.

Considering the current technical indicators, such as the oversold RSI and the substantial drop in price, a cautious Buy rating is recommended. This assessment is underpinned by the potential for a short-term rebound given the extreme oversold conditions and the broader market trends.