WETH is currently priced at $2,752.32, reflecting a slight decline of 0.80% over the past 24 hours. The daily trading range has been relatively tight, with a high of $2,778.42 and a low of $2,705.28, indicating limited volatility despite a substantial volume of 218,259,837.

The hourly moving averages indicate a mixed short-term trend, with the 8 SMA and 13 SMA showing slight bullish momentum at 0.85% and 0.58%, respectively. In contrast, the 55 SMA is bearish at -1.50%, and the 144 SMA is significantly lower, indicating a longer-term downtrend of -7.13%.

The relative strength index (RSI) readings suggest a mixed sentiment; the 1-hour RSI at 52 indicates neutral momentum, while the 7-day RSI at 45 suggests that WETH is approaching oversold conditions. Additionally, the 7-day and 14-day price changes of -14.29% and -19.17%, respectively, reflect a continuing bearish trend over the last two weeks.

The volume-to-market cap ratio of 3.01% suggests moderate trading activity, which is typically indicative of investor interest but does not reflect strong buying pressure. The all-time high of $4,950.08, achieved in August 2025, serves as a distant target, emphasizing the current price's significant depreciation.

Given the mixed signals from technical indicators, the bearish price trends over the past month, and the current price proximity to lower support levels, a cautious stance is warranted. The recommendation is to Hold WETH at this time, monitoring for potential signs of recovery or confirmation of further declines before making any additional trading decisions.