WETH is currently trading at $3,217.94, reflecting a slight decline of 0.63% over the last 24 hours. The daily price range has been significant, with a high of $3,302.31 and a low of $3,195.51, indicating volatility and potential trading opportunities.

The volume of 246,812,557 suggests active trading, while the volume-to-market cap ratio of 2.98% shows that liquidity is relatively healthy. Short-term moving averages are indicating a bearish trend, with the 8 SMA at $3,237.86 and the 13 SMA at $3,249.39 both trending lower, but the 144 SMA at $3,142.03 shows a positive shift, suggesting potential support at this level.

The 1-hour RSI stands at 37, indicating that WETH may be approaching oversold conditions, while the 7-day RSI of 59 points to a more neutral sentiment. The 7-day price change is up by 8.17%, and the 14-day change is even higher at 9.94%, showcasing a recent upward momentum despite the current decline.

With the all-time high of $4,950.08 reached in August 2025, WETH has significant upside potential compared to its current price. However, the recent downward movement and bearish short-term indicators suggest caution in entering new positions.

Given the mixed signals from both short-term moving averages and RSI indicators, a Hold rating is appropriate at this time. This strategy allows for monitoring the market for a potential reversal or stabilization before committing to a Buy.