WETH is currently trading at $2,985.47, reflecting a slight decline of 0.37527% over the past 24 hours. The daily price action indicates a range of $53.96, with a high of $3,014.23 and a low of $2,960.27, suggesting moderate volatility in the short term.

Trading volume stands at 40,133,238, with a volume-to-market cap ratio of 0.51%. This indicates relatively low trading activity relative to its market capitalization, which may suggest a lack of strong buying or selling pressure at the current price levels.

The hourly moving averages show a slight upward trend, with the 8 SMA at $2,975.00 and the 55 SMA at $2,969.07 reflecting positive momentum. The 1-hour RSI is at 61, indicating that the asset is nearing overbought territory, while the 7-day RSI at 51 suggests a neutral stance, pointing to potential consolidation.

Over the past week, WETH has gained approximately 2.29%, with a stronger performance over the last 14 days at 4.43% and 5.73% over the past month. This upward trajectory demonstrates a resilient recovery from recent lows, though the asset remains significantly below its all-time high of $4,950.08 reached on August 24, 2025.

In conclusion, the current price action and technical indicators suggest that WETH is in a consolidation phase with positive momentum. Given the moderate RSI readings and the price being near recent lows, a Hold rating is recommended to observe further price developments before making any aggressive positions.