WETH is currently trading at $3,033.41, reflecting a 4.33% increase over the last 24 hours. The daily price range has been quite volatile, with a high of $3,065.15 and a low of $2,888.33, indicating a daily range fluctuation of 176.82%.

The trading volume stands at 142,689,248, contributing to a volume-to-market cap ratio of 1.77%. Short-term moving averages are mixed, with the 8-hour SMA at $3,035.80 slightly declining, while the 55-hour SMA shows a positive trend at $2,950.20, suggesting a potential bullish sentiment in the mid-term.

The 1-hour RSI is at 75, indicating that WETH is in overbought territory, which could trigger a price correction soon. Conversely, the 7-day RSI at 57 suggests that the asset is neither overbought nor oversold on a longer timeframe, providing a more balanced outlook.

Despite the positive 24-hour change, the 7-day price change shows a modest increase of 0.94%, while the 14-day and 30-day price changes reflect declines of 13.95% and 26.45%, respectively. This trend indicates potential bearish pressure over a longer horizon, even as the recent short-term activity has been bullish.

Given the current price relative to the all-time high of $4,950.08, WETH still has significant upside potential. However, the short-term overbought signals paired with negative longer-term trends necessitate caution.

In conclusion, the recommendation for WETH is to Hold. The current bullish momentum in the short term is tempered by longer-term bearish signals, suggesting that investors should wait for more favorable conditions before making new purchases.