WETH is currently priced at $2,896.48, reflecting a slight increase of 1.29% over the past 24 hours. The daily trading range has been significant, with a high of $2,978.94 and a low of $2,844.25, indicating volatility in the market.

Volume has reached 206,685,760, with a volume-to-market cap ratio of 2.70%, suggesting moderate trading activity. The hourly moving averages indicate a bearish sentiment, with the 8 SMA, 13 SMA, and 21 SMA all trending downward, while the longer-term 55 SMA and 144 SMA show slight positive momentum.

The 1-hour RSI stands at 29, indicating oversold conditions, while the 7-day RSI is at 49, reflecting a neutral sentiment. Over the last week, WETH has decreased by approximately 6.74%, with more pronounced declines of 16.77% over 14 days and 28.93% over the past month, showing a significant downtrend.

WETH's all-time high of $4,950.08, reached on August 24, 2025, highlights its potential for future recovery, but the current trends suggest a struggle in regaining bullish momentum. Given the current oversold conditions indicated by the RSI and the recent volatility, a cautious approach is warranted.

Considering the current market conditions, the bearish trend in moving averages, and the RSI readings, I recommend a Hold rating. This strategy allows investors to assess potential reversal patterns while monitoring further developments in market sentiment.