WETH is currently trading at $2,811.6, reflecting a minor decrease of 1.24% over the last 24 hours. The price has experienced a daily range of 133.13%, with a high of $2,855.92 and a low of $2,722.79, indicating volatility in the current market.

The trading volume stands at approximately $185.68 million, corresponding to a market cap volume ratio of 2.36%. Short-term moving averages are showing a mixed trend; the 8 SMA and 13 SMA indicate upward momentum, while the 21 SMA shows a slight gain, contrasting with the declines in the 55 SMA and 144 SMA, which suggest a bearish trend for longer periods.

The RSI metrics reflect a cautious sentiment, with the 1-hour RSI at 43 indicating potential bearish momentum, while the 7-day RSI of 46 suggests a neutral position. The price has declined by 3.91% over the past week, and a 14-day decrease of 6.71% further indicates a downward trend, with a more substantial 30-day decline of 27.33%.

WETH's all-time high remains significantly distant at $4,950.08, which was reached in August 2025. Given the current technical indicators and the bearish price action observed over multiple time frames, the outlook remains cautious.

Considering the technical analysis and fundamental data, a Hold rating is recommended. The mixed signals from moving averages and RSI suggest the potential for short-term recovery, but the overall bearish trend warrants a conservative approach.