Have you opened the enclosure to see if there's a loose connection? If the drive works when you apply pressure, it sounds like something's not making contact somewhere... but without looking at the drive, it's hard to say exactly what.
Also, have you tried laying the enclosure on its side? Most people place their external hard drives vertically, but in my experience this leads to having a drive wear out faster. I like to keep them flat. It could be that the lens is not lining up properly with the spindles... though that wouldn't really account for why the drive wasn't recognized, just if it didn't read correctly.
Either way, though, it sounds like the drive is starting to shit the bed. As far as I know, ALL Western Digital drives have at LEAST a 3 year manufacturer warranty (a few have 5, though I can't remember which models). My recommendation: try to get the data off the drive as fast as you can, then RMA it. It shouldn't be dying this fast, period. Something's wrong.
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