WETH is currently trading at $2,909.6, reflecting a slight increase of 0.69% over the last 24 hours. The daily price range has been between $2,883.20 and $2,948.16, indicating a relatively volatile trading environment with a daily range of 64.96%.

Volume stands at 146,119,448, contributing to a market cap volume ratio of 2.14%, which suggests moderate trading activity relative to its market capitalization. The hourly moving averages show a mixed trend, with the 8 SMA and 13 SMA slightly declining, while the 55 SMA indicates a mild upward movement, highlighting short-term indecision in the market.

The 1-hour RSI is at 53, suggesting that WETH is neither overbought nor oversold in the short term. In contrast, the 7-day RSI at 48 indicates that WETH is approaching oversold territory, coupled with a 7-day price change of -6.19%, which could signal bearish momentum if selling pressure continues.

From a longer-term perspective, the 14-day and 30-day price changes of -7.08% and -1.10% respectively indicate a gradual decline in price performance, suggesting a bearish trend in the medium-term outlook. The all-time high of $4,950.08 remains a significant resistance level, which WETH has struggled to approach in recent months.

Considering the current market indicators and the bearish trends observed, the recommendation for WETH is to Hold. While short-term fluctuations may present buying opportunities, the prevailing downtrends and RSI signals suggest caution against aggressive buying at this time. Holding positions allows for potential upward corrections while monitoring for improved market sentiment.