WETH is currently priced at $4,501.90, reflecting a slight decrease of 0.55% over the last 24 hours. The daily range has been relatively tight, with a high of $4,539.35 and a low of $4,480.21, indicating limited volatility in recent trading sessions.

Volume stands at 332,588,398, translating to a volume-to-market cap ratio of 3.05%, suggesting moderate trading activity. The hourly moving averages show a bearish trend, with all short-term SMAs (8, 13, and 21) below the longer-term 55 SMA, indicating potential downward momentum.

The 1-hour RSI is at 44, suggesting WETH is approaching oversold conditions, while the 7-day RSI at 53 indicates a neutral sentiment in the mid-term. Price changes over the last week (3.49%) and 14 days (2.55%) show a modest upward trend, but the 30-day change of -1.20% reflects recent weakness.

WETH's all-time high remains at $4,950.08, suggesting significant resistance above the current price level. With the current price below the short-term moving averages and exhibiting a bearish crossover, it indicates a lack of immediate bullish momentum.

Given the current technical indicators, including the negative price changes and bearish moving averages, the recommendation is to Hold. While there is potential for recovery, the immediate outlook suggests a cautious approach as the market stabilizes.