WETH is currently priced at $3,087.83, reflecting a slight 24-hour decline of -0.7317%. The daily trading range is $73.38, with a 24-hour high of $3,133.67 and a low of $3,060.29, indicating moderate volatility.

The trading volume stands at $279,756,828, representing 3.54% of the market cap, which suggests healthy market activity. The short-term moving averages indicate a slight bearish trend, particularly the 55 SMA at $3,106.77, showing a decline of -0.61%, while the 8 and 13 SMAs reflect marginal positive momentum.

The hourly Relative Strength Index (RSI) is at 31, indicating potential oversold conditions, while the 7-day RSI at 48 suggests that WETH is neither overbought nor oversold in the short term. The 7-day price change is -0.70%, contrasting with a positive 14-day change of 5.40%, which highlights recent short-term weakness despite a recovery in the longer-term view.

With the all-time high at $4,950.08, WETH is currently trading at approximately 37.5% of its historical peak, indicating room for growth. However, the 30-day price change is negative at -3.54%, suggesting that recent price momentum has not been favorable.

Given the current market conditions, with short-term indicators showing bearish sentiment but potential for recovery, a Hold rating is appropriate. This stance allows for observing price action and market sentiment before making further investment decisions.