WETH is currently trading at $3,106.97, showing a positive 24-hour change of 2.10%, indicating a potential upward momentum. The daily range of 196.48% reflects significant volatility, which can present both opportunities and risks for traders.

The volume of $76,327,932 and a volume-to-market cap ratio of 0.88% suggest moderate trading activity, highlighting that the price increase is supported by sufficient market engagement. The moving averages show an upward trend across various time frames, with the 8 SMA at $3,031.07 and the 13 SMA at $3,034.56, reinforcing a bullish sentiment in the short term.

The 1-hour RSI at 60 indicates that WETH is nearing overbought conditions, suggesting that short-term buyers might start to take profits. Meanwhile, the 7-day RSI at 58 supports a neutral outlook, implying that there may still be room for growth before hitting overbought levels.

In the last week, WETH has increased by 2.37%, but the 30-day price change shows a decline of 9.57%, highlighting a short-term recovery within a longer-term downtrend. The proximity to the all-time high of $4,950.08 reached in August 2025 indicates significant upside potential if market conditions remain favorable.

Based on the technical indicators and current market conditions, I assign a Buy rating for WETH. The positive momentum, supported by moving averages and RSI levels, suggests further upward movement, particularly if it can maintain above key support levels. However, traders should remain cautious of potential volatility and monitor for signs of reversal.