Watching WETH for consolidation around 1150-1180

Hey everyone,

Just looking at $WETH and it's had a pretty decent pop today, up around 7% and pushing the day's highs around 1.1803. What I'm curious about now is whether we can sustain this move or if we'll see a bit of a retrace and consolidation. The range for the day was 1.07 to 1.1803, so we're definitely at the top end. I'm wondering if we might find some short-term resistance or at least some profit-taking pressure around this 1180 level. If it can hold around 1150-1180, that could be a good sign, showing some underlying strength after the recent chop. But if we can't maintain these gains and slip back below say, 1140-1130, I'd consider that a sign that the momentum is fading, and we might revisit the lower end of today's range or even test below it.

What are your thoughts on this? Anyone else seeing a potential setup for a pullback here or do you think we've got more room to run given the broader market sentiment today? Always interested to hear other perspectives.