WETH is currently priced at $3,159.68, reflecting a 4.05% increase over the last 24 hours. The asset has experienced a daily high of $3,176.67 and a low of $2,947.57, indicating a substantial daily range of 229.1%, driven by a significant trading volume of 156,718,129.

The hourly moving averages show positive momentum, with the 55 SMA at $3,051.91 increasing by 3.53%, indicating strong upward pressure. Additionally, the 1-hour RSI at 71 suggests that WETH is nearing overbought conditions, while the 7-day RSI at 58 indicates a balanced but slightly bullish trend.

From a longer-term perspective, WETH has seen an 11.34% price increase over the past week and a 11.68% rise over the last 14 days, signaling a recovering bullish sentiment. However, the 30-day change of -8.16% suggests that the asset has faced volatility, making current levels critical for sustained upward movement.

The market cap volume ratio of 1.79% reflects moderate trading activity relative to its market capitalization, indicating that investors are actively engaging with the asset. Given the recent price movement, the overall trend appears to be shifting positively, supported by increasing moving averages and RSI metrics that, while high, are not yet in extreme territory.

Considering the current price action, moving averages, and the RSI metrics, a short-term bullish outlook prevails. Therefore, I rate WETH as a Buy, as the technical indicators suggest continued upward momentum, though caution is advised given the high RSI and recent volatility.