WETH is currently trading at $2,336.55, reflecting a 3.86% increase over the past 24 hours. The daily range has been notably wide, with a low of $2,159.14 and a high of $2,383.59, indicating volatility in the market.

The trading volume stands at 275,405,314, which corresponds to a volume-to-market cap ratio of 5.22%. The hourly moving averages show mixed signals, with the 8 SMA at $2,342.72 indicating a slight downtrend, while the 21 SMA at $2,299.52 is showing a more positive trend with a 1.61% increase.

Short-term momentum as reflected by the 1-hour RSI is at 67, suggesting bullish pressure, while the 7-day RSI is at 35, indicating potential oversold conditions. Additionally, the 7-day, 14-day, and 30-day price changes are all negative, suggesting a bearish trend over these longer timeframes.

WETH's all-time high of $4,950.08, achieved on August 24, 2025, remains a significant resistance level. The current price is approximately 52.8% below this level, indicating considerable room for upside if a trend reversal occurs.

Given the mixed signals from the moving averages and the bearish sentiment reflected in the longer-term RSI metrics, the current market outlook for WETH suggests caution. Therefore, the recommendation is to Hold, as the potential for upward movement exists but is countered by the prevailing bearish trends in the longer timeframes.