WETH is currently priced at $2,759.06, experiencing a slight 24-hour decline of 1.03%. The daily price range has been significant, fluctuating between a high of $2,800.63 and a low of $2,631.21, indicating volatility in trading.

Trading volume stands at approximately $571.99 million, with a volume-to-market cap ratio of 7.86%. This suggests active trading interest, but the recent drop in price may deter new buyers, particularly given the overall bearish trend reflected in the 7-day and 14-day price changes of -13.19% and -20.23%, respectively.

Short-term moving averages are mixed, with the 8 SMA and 13 SMA showing slight upward momentum, while the 55 SMA and 144 SMA indicate a more pronounced downtrend. The 1-hour RSI is neutral at 52, suggesting no immediate overbought or oversold conditions, while the 7-day RSI at 43 indicates potential weakness.

The ongoing bearish sentiment is further underscored by a 30-day price change of -28.32%. Given that the price remains significantly below its all-time high of $4,950.08 reached on August 24, 2025, there is resistance at higher levels, especially around the 55 SMA at $2,852.98.

Considering the current technical indicators and market dynamics, the recommendation is to Hold WETH. This position allows for potential recovery should buying interest increase, while avoiding the risks of further declines in a bearish market.