WETH is currently priced at $2,935.73, with a slight 24-hour change of 0.08923%. The daily trading range has been stable, with a high of $2,954.32 and a low of $2,928.41, indicating relatively low volatility in the short term.

Volume has reached 79,238,871, representing a volume-to-market cap ratio of 1.05%, suggesting moderate liquidity in the market. The hourly moving averages are indicating a bearish sentiment, with the 8 SMA at $2,942.90 showing a decline of 0.24% and the 144 SMA at $2,944.67 also down by 0.30%.

The current 1-hour RSI stands at 48, which reflects a neutral momentum, while the 7-day RSI is at 47, indicating potential bearish pressure. Over the past week, WETH has experienced a price decline of 1.77%, with a more substantial drop of 4.71% over the last 14 days and a 3.93% decrease over the last 30 days, highlighting a consistent downtrend.

Despite the all-time high of $4,950.08 achieved on August 24, 2025, the current price is significantly below this peak, indicating a long-term bearish sentiment. This ongoing decline, coupled with the technical indicators, suggests that short-term traders may face challenges in capitalizing on upward movements.

Given the current technical indicators, the lack of bullish momentum, and the recent price declines, the recommendation for WETH is to Hold. This stance allows for monitoring further price actions and potential reversals, as the market currently lacks strong signals for a Buy or Sell position.