WETH is currently priced at $2,446.66, reflecting a significant 24-hour decline of 9.24%. The daily trading range has been notably volatile, with a high of $2,709.05 and a low of $2,286.48, highlighting a 422.57% fluctuation which signals market uncertainty.

The volume of $1,029,109,278 represents 18.89% of the market cap, indicating robust trading activity but also potential liquidity concerns. The hourly moving averages suggest bearish momentum, with the 8 SMA at $2,559.84 showing a decrease of 4.42%, while the longer-term averages indicate a worsening trend, particularly the 144 SMA at $2,858.31, down 14.40%.

The current RSI levels further confirm bearish sentiment, with the 1-hour RSI at a critical low of 17, indicating oversold conditions. Meanwhile, the 7-day RSI is at 42, reflecting a lack of upward momentum, and significant downward price changes across 7, 14, and 30-day metrics illustrate a consistent bearish trend.

Considering the substantial drop from the all-time high of $4,950.08, which was reached on August 24, 2025, WETH's current valuation remains significantly depressed. The prevailing technical indicators suggest a continuation of downward pressure, compounded by recent price action and high volatility.

In conclusion, the combination of bearish moving averages, low RSI, and negative price momentum leads to a Sell rating for WETH. Investors should consider exiting positions until clearer bullish signals emerge, given the current market environment.