WETH is currently priced at $2,808.60, reflecting a 2.78% increase over the past 24 hours. The daily trading range shows significant volatility, with a high of $2,843.86 and a low of $2,705.28, resulting in a daily range of 138.58%.

The volume of 225,007,872 indicates strong trading activity, though the volume-to-market cap ratio of 3.05% suggests that liquidity may not be optimal at this level. Short-term moving averages (8 SMA at $2,803.31 and 13 SMA at $2,781.30) are exhibiting positive momentum, while the longer-term 144 SMA at $2,933.56 indicates a bearish sentiment over a more extended period.

The 1-hour RSI stands at 65, indicating that WETH is nearing overbought conditions, which could lead to a pullback in the short term. Conversely, the 7-day RSI of 44 suggests that the asset is nearing oversold territory, reflecting weakness in the mid-term price trend, with a 7-day change of -12.69% and a 14-day change of -17.79%.

Despite recent short-term gains, the 30-day price change of -28.98% points to a significant downtrend, compounded by the fact that WETH is trading well below its all-time high of $4,950.08 set in August 2025. This substantial decline indicates a lack of bullish momentum and investor confidence over the longer term.

In conclusion, while the short-term indicators show some positive movement, the longer-term trends and declining momentum suggest that caution is warranted. Therefore, the recommendation for WETH is a Hold rating, as investors should await further confirmation of a sustainable upward trend before considering a Buy.