WETH is currently priced at $3,011.55, experiencing a minor decline of 0.88% over the past 24 hours. The daily trading range has been relatively tight, with a high of $3,040.68 and a low of $2,971.28, indicating a daily volatility of 69.4%.

The trading volume stands at $20,532,772, equating to 0.26% of its market capitalization. Short-term moving averages are generally bullish, with the 8 SMA at $2,992.57 and the 13 SMA at $2,995.31 both showing upward momentum, while the longer 55 SMA has turned slightly bearish at $3,022.08.

The Relative Strength Index (RSI) values suggest a neutral to slightly bullish sentiment, with the 1-hour RSI at 54 and the 7-day RSI at 55. Despite a recent positive price change of approximately 7.24% over the past week, there are concerning longer-term trends as the 14-day price change is down 4.67% and the 30-day change is down 21.56%.

Given the all-time high of $4,950.08 reached in August 2025, WETH remains substantially below its peak, which indicates potential upside if market conditions improve. The current price is also above the key short-term moving averages, providing support and potential buying opportunities if momentum shifts positively.

In conclusion, the mixed signals from the moving averages and RSI indicate a cautious approach. The recent positive price action over the week could suggest a short-term bullish trend; however, the longer-term declines warrant careful monitoring.

Rating: Hold. The mixed short-term indicators combined with bearish long-term trends suggest maintaining current positions without entering new trades until further confirmation of upward momentum.