WETH is currently priced at $3,178.02, showing a slight decline of 1.16% over the past 24 hours. The daily trading range indicates volatility with a high of $3,225.94 and a low of $3,076.71, suggesting that traders are actively engaged despite the price drop.

The trading volume stands at approximately 110 million, reflecting a volume-to-market cap ratio of 1.25%, which is relatively low. Moving averages indicate mixed momentum: the 8 SMA and 13 SMA are slightly bullish, while the longer-term 144 SMA shows a notable gain of 6.06%, indicating potential upward support in the longer term.

The 1-hour RSI is neutral at 49, indicating a balanced market sentiment, while the 7-day RSI at 54 suggests a slight bullish momentum. Over the last week, WETH has increased by 5.46%, and the 14-day change is even stronger at 10.93%, showing that recent performance has been relatively positive.

However, the 30-day price change reveals a decline of 2.07%, indicating some downward pressure over a longer timeframe. Given the strong resistance near $3,225 and the overall price action, the market seems to be consolidating, potentially setting up for a breakout or further retracement.

Considering the technical indicators and recent performance, a Hold rating is warranted. The near-term support from moving averages and the neutral RSI suggest a stable outlook, but traders should monitor for signs of either bullish continuation or bearish reversal in the coming days.