WETH is currently trading at $3,367.21, reflecting a 24-hour change of 1.52%. The daily range has been quite volatile, with a high of $3,388.14 and a low of $3,281.32, indicating a 106.82% daily range that suggests active market participation.

The volume stands at 207,297,816, with a volume-to-market cap ratio of 2.47%, which is relatively healthy, showing sufficient liquidity. The hourly moving averages indicate short-term bullish momentum, with the 8 SMA at $3,322.13 (+1.36%) and the 21 SMA at $3,331.01 (+1.09%), suggesting upward price pressure.

Momentum indicators show the 1-hour RSI at 50, indicating neutral conditions, while the 7-day RSI at 59 points towards a bullish sentiment in the medium term. The recent price changes are promising, with a 7-day increase of 8.23%, a 14-day increase of 13.03%, and a 30-day increase of 15.10%, all reflecting a strong upward trend.

Considering the current price level relative to its all-time high of $4,950.08, WETH still has significant upside potential. The recent positive price momentum and healthy trading volume support a bullish outlook.

Based on the analysis, the rating for WETH is a Buy. The combination of increasing price trends, bullish moving averages, and healthy market activity suggests strong upward potential in the near term.