WETH is currently priced at $3,132.65, reflecting a minor decline of 0.58% over the past 24 hours. The asset has experienced a daily range of $81.46, indicating volatility with a high of $3,155.46 and a low of $3,074 during this period.

Trading volume stands at approximately $152.24 million, representing a 1.92% market cap ratio. The hourly moving averages indicate a slight bullish trend, with the 8 SMA at $3,105.67 showing an increase of 0.87%, while the 144 SMA at $3,116.03 reveals a slower upward momentum of 0.53%.

The 1-hour RSI is positioned at 51, suggesting a neutral market sentiment, whereas the 7-day RSI at 47 hints at mild bearish pressure over the week. Price changes over varying periods reflect mixed sentiment; a decline of 2.82% over the last week contrasts with a 6.65% increase over the past 14 days, and a slight rise of 0.60% in the last 30 days.

With the all-time high of $4,950.08 reached on August 24, 2025, WETH has significant upside potential, but current trends show hesitation in gaining momentum. Given the recent price movements, combined with the neutral RSI indicators, market sentiment appears cautious but not overly negative.

Based on the analysis, a Hold rating is recommended. While the potential for recovery exists, particularly over the longer term, current price action and technical indicators do not signal an immediate buy opportunity.