WETH is currently priced at $3,091.54, experiencing a slight 24-hour decline of 1.11%. The daily trading range is relatively narrow, with a high of $3,126.17 and a low of $3,068.73, indicating some consolidation after recent volatility.

Volume stands at approximately 48.8 million, contributing to a volume-to-market cap ratio of 0.62%. Short-term moving averages such as the 8 SMA ($3,086.31) and 13 SMA ($3,084.94) are trending positively, while longer-term averages like the 55 SMA ($3,100.33) and 144 SMA ($3,159.99) show bearish momentum.

The hourly RSI is at 62, indicating bullish momentum in the short term, while the 7-day RSI at 49 suggests a neutral trend over the week. In the last 14 days, WETH has gained 5.64%, but the 30-day change shows a decline of 2.74%, reflecting mixed short-term performance.

Given the price action and the proximity to key moving averages, WETH is at a critical juncture. The current price is below significant resistance at $3,100, but the positive short-term indicators suggest potential for a rebound.

Overall, the technical indicators point towards a stabilization phase with potential upside if momentum builds. Therefore, I recommend a Hold rating for WETH, as the asset shows signs of recovery, but caution is warranted given its recent price fluctuations and the need for a confirmed breakout above resistance levels.