How much is wrapped Ethereum worth?

Could you please enlighten me on the current valuation of Wrapped Ethereum? I've been hearing quite a buzz about it in the crypto community, but I'm still hazy on its exact worth. Is it pegged to a certain price, or does it fluctuate based on market demand? Also, how does its value compare to that of traditional Ethereum? I'm curious to know if investing in Wrapped Ethereum could be a profitable move.