WETH is currently trading at $3,130.51, reflecting a 3.23% increase over the last 24 hours, indicating positive short-term momentum. The daily range of $159.17 between the high of $3,136.24 and the low of $2,977.07 suggests a robust trading activity within this period.

The trading volume stands at 171,982,826, with a volume-to-market cap ratio of 1.96%, indicating moderate interest and liquidity in the market. The short-term moving averages are trending positively, with the 8 SMA at $3,087.15 showing an increase of 1.40%, while the longer-term 55 SMA at $2,919.54 is up by 7.23%, signaling a bullish trend.

The 1-hour RSI is at 78, suggesting that WETH may be overbought in the very short term, potentially leading to a pullback. However, the 7-day RSI is at 54, indicating a neutral position, while the 14-day change of 7.25% reflects a steady upward momentum.

In the last 30 days, WETH has seen a decline of approximately 13.36%, indicating volatility in the medium term. Nonetheless, the recent price action demonstrates a recovery trend, with a 7-day price change of 3.33%, suggesting the possibility of a sustained rebound.

Given the positive short-term momentum and the relatively neutral RSI readings in the medium term, WETH shows potential for further gains. However, the high 1-hour RSI indicates caution for short-term traders.

Overall, the analysis leads to a Buy rating for WETH. The combination of positive moving averages, recovery from the recent lows, and short-term bullish sentiment supports this recommendation, provided that traders remain vigilant of potential pullbacks due to overbought conditions.