WETH is currently priced at $3,401.23, reflecting a slight decline of 0.67% over the past 24 hours. The daily range indicates volatility, with a high of $3,472.80 and a low of $3,359.72, suggesting a strong market response to price fluctuations.

Volume is at $73,309,179, with a volume-to-market cap ratio of 1.01%, indicating a moderate trading activity relative to its market capitalization. The current RSI levels show a 1-hour RSI of 36, suggesting bearish momentum, while the 7-day RSI at 44 indicates that WETH is approaching oversold territory.

Examining moving averages, the 8-hour SMA is slightly bullish at $3,398.95, while the 13-hour and 21-hour SMAs are bearish, indicating mixed short-term trends. The longer-term 144-hour SMA at $3,459.45 is also declining, reinforcing the overall bearish sentiment.

Fundamentally, WETH has experienced a significant downturn with a 30-day price change of -21.29%. This sustained decline and recent price action suggest that market sentiment is weak, potentially leading to further downside in the near term.

Given these factors, the recommendation is to Hold WETH at this time. While there are signs of oversold conditions, the persistent bearish trend and weak volume signal caution before considering a buy.