WETH is currently priced at $2,930.10, showing a minor decrease of 0.04862% over the past 24 hours. The trading range for the day has been notable, with a high of $3,047.59 and a low of $2,910.43, reflecting a daily volatility of 137.16%.

Trading volume stands at 219,844,481, with a volume-to-market cap ratio of 2.84%, indicating a moderate level of trading activity relative to its market capitalization. The hourly moving averages show bearish momentum, with the 8 SMA at $2,937.82 (down 0.26%), and the 55 SMA slightly lower at $2,949.78 (down 0.67%).

The RSI readings provide mixed signals; the 1-hour RSI is extremely low at 12, suggesting an oversold condition, while the 7-day RSI sits at 49, indicating a neutral trend. Recent price changes over 7, 14, and 30 days are negative, showing declines of approximately 1.60%, 0.30%, and 2.03%, respectively.

Given the technical indicators and the current market sentiment, WETH is experiencing bearish pressure but is also showing signs of being oversold in the short term. The all-time high of $4,950.08 remains a significant resistance level that could influence future price movements.

In conclusion, while the recent performance shows some bearish tendencies, the extremely low 1-hour RSI indicates potential for a short-term reversal. Therefore, the recommendation is to Hold WETH, as the oversold condition may present an opportunity for potential price recovery in the near term.