WETH is currently trading at $3,090.89, reflecting a slight decline of 0.85% over the last 24 hours. The daily range has been relatively tight, with a high of $3,165.24 and a low of $3,074, indicating a volatility percentage of 91.24%.

The trading volume over the last 24 hours stands at approximately $72.45 million, which corresponds to a low volume relative to its market cap at 0.92%. Moving averages show a consistent downward trend, with the 8 SMA at $3,112.52 and declining by 0.69%, while the longer-term 144 SMA is even more bearish at $3,129.28, down 1.23%.

The current 1-hour RSI at 31 signals oversold conditions, suggesting a potential reversal may be imminent. However, the 7-day RSI at 43 indicates continued weakness, as the price has declined by approximately 4.73% over the past week.

In terms of recent performance, WETH shows mixed signals, with a 14-day price change of +5.32%, suggesting a recovery phase, while the 30-day change is negative at -0.74%. This inconsistency in short-term and medium-term price movements highlights a lack of strong bullish momentum.

The all-time high for WETH remains significantly elevated at $4,950.08, reached in August 2025, which presents a considerable upside potential should market conditions improve. However, the current price is still a significant distance from that level, warranting caution from investors.

Given the current market conditions, the declining moving averages, and the weak RSI indicators, a conservative approach is advised. Therefore, the rating for WETH is a Hold, as further confirmation of a reversal is needed before considering a Buy, despite the potential for a longer-term bullish scenario.