WETH is currently priced at $3,002.37, reflecting a 24-hour decline of 1.90%. The asset has fluctuated between a high of $3,096.87 and a low of $2,873.15 over the past day, with a daily range indicating significant volatility of 223.72%.

Trading volume stands at approximately $669.16 million, representing 8.59% of the market cap, which suggests a moderate level of activity relative to its size. Short-term moving averages indicate a bearish trend, with the 8 SMA at $3,026.76 and the 13 SMA at $3,023.69 both declining, while the longer 144 SMA shows a notable drop of 3.35% at $3,106.38.

The 1-hour RSI is neutral at 53, suggesting no immediate overbought or oversold conditions, while the 7-day RSI is at 47, indicating a slight bearish sentiment. Price changes over longer periods are concerning, with a 7-day decline of 12.55%, a 14-day drop of 11.60%, and a substantial 30-day decrease of 22.29%.

Despite its all-time high of $4,950.08, which was reached on August 24, 2025, the current price reflects a significant retracement. The persistent downward pressure and recent negative price momentum point to potential weakness in the market.

Given the current technical indicators and the overall bearish trend in price changes, the recommendation is to Hold WETH. This strategy allows for monitoring further developments while avoiding potential losses in a declining market.