WETH is currently priced at $3,366.25, reflecting a 1.47% increase over the past 24 hours. The asset's daily trading range has been notable, with a high of $3,365.47 and a low of $3,296.28, indicating strong volatility in recent trading sessions.

The trading volume stands at approximately $119.89 million, representing 1.44% of the market cap, suggesting moderate market activity. The short-term moving averages (8, 13, 21 SMA) are all trending upwards, indicating bullish momentum, while the longer-term moving averages (55, 144 SMA) also support this positive sentiment, with 2.62% gains noted on the 144 SMA.

The 1-hour RSI is exceptionally high at 84, which typically signals overbought conditions, potentially indicating a short-term price correction is on the horizon. However, the 7-day RSI at 60 indicates that WETH is still within a healthy range, supporting a continued upward trend over a longer period.

In the past week, WETH has appreciated by approximately 7.86%, while the 14-day and 30-day price changes of 7.24% and 13.44% respectively show a consistent upward trajectory. The all-time high for WETH remains at $4,950.08, which suggests significant potential for upside movement in the long term.

Given the strong performance of WETH over the last month and the positive indicators from moving averages, the asset appears to be in a bullish trend despite the overbought conditions indicated by the 1-hour RSI. Therefore, the recommendation is to Hold WETH, as short-term volatility may present buying opportunities for long-term investors.