WETH is currently priced at $3,023.91, exhibiting a slight 24-hour change of 0.29499%. The daily price range has been relatively tight, with a high of $3,086.44 and a low of $2,992.52, indicating a 93.92% movement within the day, which reflects moderate volatility.

The trading volume over the past 24 hours stands at 140,229,855, translating to a volume/market cap ratio of 1.74%. The hourly moving averages reveal a mixed trend, with the 8 SMA showing a slight decline of 0.29% at $3,032.60, while the 144 SMA indicates a stronger positive shift of 3.86% at $2,911.54.

In terms of momentum, the 1-hour RSI is at 54, suggesting a neutral position, while the 7-day RSI at 57 indicates a slight bullish sentiment. However, the 30-day price change shows a significant decline of 23.77%, which highlights ongoing bearish pressure over the longer term.

Considering the historical context, WETH's all-time high of $4,950.08 reached on August 24, 2025, serves as a critical resistance level. The recent 7-day price change of +10.10% shows potential recovery, but the 14-day decline of -6.41% signals caution for medium-term investors.

Given the current technical indicators and the mixed sentiment across different time frames, a Hold rating is recommended. The lack of strong upward momentum alongside significant recent declines suggests that it is prudent to wait for clearer bullish signals before committing to new positions.