WETH is currently priced at $1,803.81, reflecting a modest 24-hour change of 1.58%. The daily range has been between $1,769.86 and $1,821.44, indicating significant volatility but also strong support levels around the $1,770 mark.

The trading volume stands at 284,313,192, with a volume-to-market cap ratio of 5.63%, suggesting active trading conditions. Short-term moving averages, such as the 8 SMA ($1,797.59) and 13 SMA ($1,797.32), indicate a bullish momentum, while longer averages show increasing support at $1,777.26, which is a critical level to monitor.

The 1-hour RSI is at 42, indicating that WETH is approaching oversold conditions, while the 7-day RSI at 59 suggests that the asset is nearing overbought territory. A 7-day price change of 12.61% and a 14-day change of 14.02% reinforce the recent upward momentum, though the 30-day change of -11.03% points to underlying weakness in the longer term.

Historically, WETH has a significant all-time high of $4,799.89 reached in November 2021, which sets a long-term target. Currently, the price action suggests a consolidation phase, with critical support around $1,770 and resistance near $1,820.

Given the current technical indicators and the recent price action, WETH exhibits bullish potential in the short term, especially with positive movement in the moving averages. However, the longer-term trend shows some weakness, warranting caution.

Rating: Hold. The mixed signals from the RSI and recent price changes suggest maintaining positions rather than aggressively buying or selling at this juncture. Monitoring for a breakout above $1,820 or a drop below $1,770 will be crucial for determining future action.