WETH is currently trading at $2,288.82, experiencing a significant 24-hour decline of 6.57%. The price action has seen a high of $2,469.10 and a low of $2,241.59 in the same period, reflecting a daily range of approximately 227.51%.

Volume stands at 325,747,052, indicating a relatively low trading activity relative to the market cap, as evidenced by the volume-to-market cap ratio of 6.28%. Technical indicators show that the short-term moving averages are trending downwards, with the 8 SMA at $2,358.55 and the 13 SMA at $2,381.74, both signaling bearish momentum.

The 1-hour RSI is notably low at 19, suggesting that WETH is oversold in the very short term. Conversely, the 7-day RSI at 35 indicates that while there is some oversold pressure, it is not yet in the extreme territory that would prompt a strong reversal.

Over the past week, WETH has decreased by approximately 18.29%, with a more significant decline of 31.49% over the past 14 days. This downtrend is corroborated by the 30-day change of -26.95%, reflecting a sustained bearish sentiment.

Historically, WETH reached its all-time high of $4,950.08 on August 24, 2025, leaving substantial room for potential recovery. However, the current bearish trend and underperformance against moving averages indicate a lack of immediate upward momentum.

Considering the current oversold conditions suggested by the RSI, there may be a potential short-term bounce. Nonetheless, the prevailing trend remains negative, and without clear bullish signals, the recommendation is to Hold WETH at this time, monitoring for potential signs of recovery before considering a Buy.