WETH is currently priced at $3,094.92, exhibiting a modest 24-hour change of 0.395%. The daily price range has been relatively tight, oscillating between a high of $3,099.26 and a low of $3,076.24, which indicates stability in the short-term market.

The trading volume stands at approximately $50.88 million, resulting in a volume-to-market cap ratio of 0.65%. Moving averages indicate a slight bullish sentiment in the short term, with the 8, 13, and 21 SMA showing marginal increases, while the 144 SMA reflects a decline of 1.82%, suggesting a mixed trend over longer periods.

The 1-hour RSI is at 56, indicating a slight bullish momentum, while the 7-day RSI of 47 signals that WETH is approaching neutral territory, potentially indicating upcoming volatility. Over the last week, WETH has experienced a price decline of 1.73%, yet it shows a stronger positive change of 5.53% over the past 14 days, revealing an overall upward trajectory in the medium term.

Despite the 30-day price change being negative at -4.66%, the recent performance coupled with a close proximity to the support level around $3,076 suggests potential for a rebound. The all-time high of $4,950.08 remains a significant target, and current price action may indicate a consolidation phase before any potential breakout.

Given the mixed signals from the moving averages, RSI readings, and recent price changes, a cautious approach is warranted. Therefore, the recommendation for WETH is a Hold, allowing for monitoring of further market developments while avoiding entry at current levels until clearer bullish signals emerge.