WETH is currently priced at $2,819.11, reflecting a significant 24-hour decline of 6.89%. The asset's trading range shows a 24-hour high of $3,049.31 and a low of $2,807.91, indicating volatility as traders react to recent market conditions.

Volume stands at 141,714,006, with a volume-to-market cap ratio of 1.84%, suggesting relatively low trading activity compared to its overall market capitalization. The hourly moving averages show a bearish trend, with all key SMAs (8, 13, 21, 55, and 144) trending downward, indicating a lack of short-term bullish momentum.

The 1-hour RSI is notably low at 13, signaling strong oversold conditions, while the 7-day RSI is at 47, reflecting a neutral stance. In contrast, the 14-day and 30-day price changes are negative at -11.97% and -27.21% respectively, indicating a longer-term downtrend that may impact investor sentiment.

The all-time high for WETH was recorded at $4,950.08 on August 24, 2025, illustrating significant price history that investors may consider for future performance comparisons. Given the current price action, short-term bearish momentum, and overall negative price trends, the outlook remains cautious.

Based on the technical analysis and prevailing market conditions, a Hold rating is recommended. This allows investors to assess potential recovery signals while avoiding premature decisions in a volatile market environment.