WETH is currently priced at $2,985.54, reflecting a slight increase of 0.49512% over the last 24 hours. The daily trading range has been relatively stable, with a high of $2,991.25 and a low of $2,960.27, indicating a daily volatility of 1.04%.

The trading volume of 46,616,351 corresponds to a market cap volume ratio of 0.59%, suggesting moderate trading activity relative to its market capitalization. The hourly moving averages reveal a bullish trend, with the 8 SMA at $2,982.62 showing a modest increase of 0.10%, while the longer 144 SMA at $2,956.41 reflects a more significant uptick of 0.99%.

Technical indicators are showing strength, as the 1-hour RSI stands at 63, indicating that WETH is nearing overbought conditions. Meanwhile, the 7-day RSI at 53 suggests a balanced momentum, while the price has increased by 1.17% over the past week and 5.38% over the past two weeks.

In terms of longer-term performance, WETH has seen a slight decline of 1.04% over the last 30 days, which contrasts with the recent upward momentum. The all-time high of $4,950.08 remains a significant resistance level, which may act as a target for bullish traders if the current uptrend continues.

Given the recent positive price movements and the bullish signals from both the moving averages and RSI, WETH appears to be positioned for a potential short-term upward trend. However, the previous 30-day decline suggests caution for long-term positions.

Overall, the current market data indicates a Buy rating for WETH, as the short-term indicators and recent price trends support a continuation of the upward momentum. Traders should monitor for sustained volume and break above resistance levels to confirm this bullish outlook.