WETH is currently priced at $3,199.13, reflecting a 24-hour change of 4.35%, signaling positive momentum. The daily range of $179.31 indicates significant volatility, with a high of $3,225.94 and a low of $3,046.63 over the same period.

Volume stands at approximately $165.6 million, representing a volume-to-market cap ratio of 1.85%. The 1-hour RSI is elevated at 76, suggesting short-term overbought conditions, while the 7-day RSI at 54 indicates a neutral trend over a longer timeframe.

Moving averages show a bullish trend, with the 55 SMA at $2,999.65 reflecting a 6.65% increase and the 144 SMA at $2,979.90 up 7.36%. The short-term 8 and 13 SMAs are also trending positively, indicating consistent upward price action.

Despite a 30-day price change of -8.38%, the recent weekly performance at +5.68% and the 14-day change of +5.63% signal a recovery phase. The all-time high of $4,950.08 suggests substantial upside potential if current momentum persists.

Considering the positive short-term trends against a backdrop of recent volatility and a longer-term downtrend, the current market sentiment favors a cautious approach. Therefore, the rating for WETH is a Hold, allowing for potential upward movement while monitoring RSI levels and volume trends for signs of a reversal.