WETH is currently priced at $3,106.66, reflecting a slight decline of 0.44% over the last 24 hours. The price has experienced a daily range of $90.77, with a high of $3,176.67 and a low of $3,085.90, indicating moderate volatility in the market.

The trading volume stands at approximately $345.64 million, with a volume-to-market cap ratio of 4.05%. The short-term moving averages (8, 13, and 21 SMA) indicate a bearish trend, as all are trending downwards, whereas the longer-term moving averages (55 and 144 SMA) show slight positive momentum.

The 1-hour RSI is at 39, suggesting that WETH is nearing oversold conditions, while the 7-day RSI at 51 indicates a neutral market sentiment. The 7-day price change shows a modest gain of 10.92%, but the 30-day change of -8.78% reflects ongoing weakness.

Fundamentally, WETH has a significant historical all-time high of $4,950.08, which provides a potential upside target. However, the current price action suggests resistance around the $3,120 level, as evidenced by the short-term SMAs.

In summary, WETH is showing signs of short-term bearish pressure but is nearing oversold conditions, which could present a buying opportunity if the price stabilizes. Given the current data, a Hold rating is appropriate, as traders should wait for a clearer bullish signal before considering additional positions.