WETH is currently trading at $2,975.83, showing a slight decrease of 0.68% over the past 24 hours. The price has experienced a daily range of 46.21%, with a high of $2,998.22 and a low of $2,952.01, indicating ongoing volatility in the market.

Trading volume for WETH stands at approximately 45.25 million, contributing to a volume-to-market cap ratio of 0.58%. The moving averages are indicating mixed signals; the 8 SMA shows a minor increase of 0.21%, while the 144 SMA, a longer-term indicator, reflects a more substantial increase of 0.95%, suggesting potential bullish momentum in the longer term.

The 1-hour RSI is at 48, indicating a neutral position, while the 7-day RSI at 53 suggests slight bullish sentiment. The price changes over various timeframes are also noteworthy, with the 30-day change showing an increase of approximately 4.70%, indicating positive momentum over the longer term.

Despite the recent price decline, the overall trend appears to be stabilizing, especially given the upward pressure from the longer-term SMAs. Additionally, the recent 7-day price change of 1.45% points towards a potential consolidation phase, which often precedes further price movements.

Given the current market conditions, the technical indicators show a balance between bullish and bearish signals. The volatility presents an opportunity for short-term traders, but the overall upward trend in the longer-term SMAs and the positive 30-day price change suggest resilience.

Considering these factors, the recommendation for WETH is to Hold. This strategy allows for potential upside as the market stabilizes and prepares for the next move, while also keeping an eye on resistance levels around the $3,000 mark.