WETH is currently trading at $3022.82, reflecting a 24-hour increase of 2.23%. The price has fluctuated between $2872.42 and $3050.99 over the past day, indicating a daily range of 178.57% which suggests volatility.

Volume stands at 156,606,307, with a volume-to-market cap ratio of 2.21%, indicating relatively low trading interest compared to its market capitalization. The short-term moving averages are showing positive trends, with the 8 SMA and 13 SMA both above their respective previous values, while the longer-term averages, like the 144 SMA, are declining, reflecting bearish sentiment in the medium term.

The 1-hour RSI is at 57, suggesting that WETH is in a neutral to slightly bullish zone, while the 7-day RSI at 41 indicates that the asset is approaching oversold territory. Over the past week, WETH has declined by approximately 9.21%, and the 14-day and 30-day price changes also reflect a downward trend, suggesting continued selling pressure.

Considering the technical indicators, the bullish momentum indicated by short-term SMAs contrasts with the longer-term bearish trend. Although the current price is above the 8 and 13 SMA, the significant drop in the 144 SMA signals caution for medium-term traders.

Based on this analysis, the recommendation for WETH is to Hold. While there is short-term bullish momentum, the longer-term indicators and recent price declines suggest potential risks. Traders should watch for a confirmation of upward movement before considering a Buy.