WETH is currently priced at $3,131.19, reflecting a marginal decline of 0.08% over the last 24 hours, with a daily trading range of $145.72. The highest price during this period was $3,176.67, while the lowest was $3,030.95, indicating a relatively stable price movement given the tight range compared to its historical volatility.

The volume for the last 24 hours stands at 164,729,844, representing 1.92% of the market cap. The moving averages indicate a mixed trend; the 8 SMA shows a slight upward movement of 0.10%, while the 13 SMA has dipped by 0.04%, suggesting short-term uncertainty.

Momentum indicators also reflect a balanced market sentiment; the 1-hour RSI is at 51, and the 7-day RSI is at 53, indicating neither overbought nor oversold conditions. The recent price changes are noteworthy, with a 7-day increase of 14.18% and a 14-day increase of 9.52%, but the 30-day trend shows a decline of 6.83%, pointing to potential short-term momentum.

Given that WETH is trading well below its all-time high of $4,950.08, there is significant upside potential. However, the recent decline and mixed signals from moving averages suggest caution, as a sustained bearish trend could develop if momentum weakens.

In conclusion, while there are signs of recovery over the past week, the overall market dynamics indicate that WETH may face resistance around the $3,176 level. Therefore, I recommend a Hold rating, as investors should monitor for a clear breakout above this resistance or further confirmation of bullish momentum before considering a Buy.