WETH is currently priced at $3,109.84, reflecting a 24-hour change of 0.62%, with a daily range of $34.54. The recent price action has seen a high of $3,110.78 and a low of $3,076.24, indicating relatively stable volatility.

Trading volume stands at approximately 50.35 million, which corresponds to 0.64% of the market cap. The hourly moving averages are showing a bullish trend in the short term, with the 8 SMA at $3,096.27 and the 13 SMA at $3,093.58, both reflecting positive momentum.

The 1-hour RSI is at an elevated level of 82, indicating that WETH may be overbought in the very short term. In contrast, the 7-day RSI at 48 suggests that the asset is nearing neutral territory, while the 14-day price change indicates a moderate positive trend of 5.89%, signaling potential recovery after a recent downturn.

Historically, WETH's all-time high reached $4,950.08, which emphasizes significant upside potential compared to the current price. However, the 30-day price change shows a decline of 4.25%, indicating recent bearish pressure that may affect short-term sentiment.

Given the short-term bullish indicators and medium-term consolidation, a cautious approach is warranted. Therefore, the rating for WETH is a Hold; while the asset shows potential for upside, the current overbought conditions and recent bearish trends suggest a wait-and-see strategy until clearer signals emerge.