WETH is currently trading at $3,034.77, showing a 24-hour price increase of 3.36%. The daily range has been significant, with a high of $3,047.59 and a low of $2,928.41, indicating volatility and potential trading opportunities.

Volume over the past 24 hours stands at approximately $104.43 million, representing a volume-to-market cap ratio of 1.34%. This relatively low volume suggests a lack of strong conviction in the market despite the price movement, which may indicate caution among traders.

The hourly moving averages reflect a bullish trend, with the 8 SMA at $2,939.44, the 13 SMA at $2,940.78, and the 21 SMA at $2,939.63 all showing increases of over 3%. The 55 SMA and 144 SMA are also in an upward trajectory, indicating overall bullish sentiment in the short term.

The 1-hour RSI is at an elevated 82, suggesting that WETH is overbought in the immediate term. In contrast, the 7-day RSI is neutral at 52, which may indicate that the price has room for movement in either direction over a longer timeframe.

In terms of price changes, WETH has seen a slight decrease of 0.12% over the past week and a more notable decline of 2.95% over the past 14 days. However, it has managed to increase by 0.34% over the last 30 days, suggesting some resilience despite recent downward pressures.

With the all-time high recorded at $4,950.08, WETH has significant upside potential, but current technical indicators and price action signal caution. Given the overbought condition on the 1-hour RSI and recent price performance, the recommendation is to Hold WETH for the short term, while monitoring for further confirmation of upward momentum or signs of a reversal.