WETH is currently trading at $3,019.12, reflecting a 3.1% increase over the last 24 hours. The daily range has been notable, with a high of $3,022.97 and a low of $2,899.54, indicating strong volatility.

Volume stands at 160,666,147 with a volume-to-market cap ratio of 2.30%, suggesting moderate trading activity relative to its market capitalization. The short-term moving averages indicate positive momentum, with the 8 SMA at $2,921.45 and a gain of 3.34%, while the 144 SMA shows a more stable upward trend at $2,937.44 with a 2.78% increase.

The 1-hour RSI is elevated at 72, indicating overbought conditions, while the 7-day RSI is neutral at 50. The price change over the last week is slightly positive at 0.95%, contrasting with a more significant decline of 5.89% over the past 14 days, suggesting recent recovery after a prior downtrend.

Despite the current bullish momentum, the long-term outlook remains cautious as WETH is trading significantly below its all-time high of $4,950.08, reached on August 24, 2025. The 30-day price change is positive at 2.36%, signaling potential for sustained upward movement, yet the 14-day trend presents a risk of volatility.

In conclusion, the current price action and short-term indicators favor a bullish sentiment, but the overbought RSI and recent downtrend highlight the need for caution. Given these factors, the recommendation is to Hold WETH at this time, monitoring for a potential breakout or reversal in the coming days.