WETH is currently trading at $3025.21, reflecting a 1.18% increase over the last 24 hours. The price has seen a daily range of $62.46, with a high of $3049.31 and a low of $2986.85, indicating some volatility but also a strong support level near the lower end of this range.

Trading volume stands at approximately $82.7 million, resulting in a volume-to-market cap ratio of 1.04%, suggesting a healthy level of trading activity relative to its overall market capitalization. Short-term moving averages are showing mixed signals, with the 8 SMA indicating a slight downward trend at $3029.80, while longer averages like the 21 SMA show a positive momentum of +0.48% at $3010.84.

The 1-hour RSI is at 60, indicating that WETH is approaching overbought territory, while the 7-day RSI at 52 suggests a more neutral position over the past week. Recent price changes reveal a positive trend over the last seven days (+6.93%), but a downturn over the past 14 days (-1.48%) and a significant decline of -21.67% over the last 30 days indicates a potential bearish sentiment in the longer term.

WETH's all-time high of $4950.08 from August 2025 remains a significant resistance level that will likely impact future price movements. Given the current price action, mixed moving averages, and RSI readings, WETH appears to be consolidating after a period of volatility.

Considering the current analysis, a cautious approach is warranted. The short-term bullish signals are somewhat offset by longer-term bearish trends and elevated RSI levels. Therefore, I recommend a Hold rating, waiting for clearer bullish indicators or a breakout above the current resistance levels before making any further investment decisions.