WETH is currently trading at $2,999.12, reflecting a 24-hour decline of 1.42%. The daily trading range has been relatively narrow, with a high of $3,059.21 and a low of $2,971.28, indicating a volatility of 87.93%.

The volume over the past 24 hours stands at approximately $61.93 million, which represents 0.78% of the market cap. The hourly moving averages show a bearish trend, with the 8 SMA at $3,001.32 and the 13 SMA at $3,007.79, both experiencing slight declines.

The 1-hour RSI is at 35, suggesting that WETH is approaching oversold territory, while the 7-day RSI is at 55, indicating neutral momentum. The 7-day price change shows a gain of approximately 9.18%, but this is contrasted by a significant 14-day decline of 6.61% and a 30-day drop of 20.30%.

Fundamentally, WETH's all-time high of $4,950.08 from August 2025 remains a critical resistance point, and the current price is significantly below this level. The market sentiment appears cautious, with recent price action reflecting downward pressure, particularly as the moving averages suggest a bearish trend in the short term.

Given the recent price declines, the oversold conditions indicated by the RSI, and the potential for a rebound, the recommendation is to Hold. This strategy allows investors to observe market developments and potential reversals without committing to additional purchases in a currently bearish environment.