BOSS Wallet data source, latest price information of Ethereum, ETH real-time price increased by 1.00% to $3622.79, trading volume $26.854 billion

Based on the K-line chart analysis, it is currently in a volatile trend. Compared to 12:00, it has increased significantly and rebounded from 07:00, breaking through the high point of 11:00. Price is rising but trading volume is decreasing, which usually means the market's upward momentum is weakening and the number of buyers is decreasing.
This divergence phenomenon between price and volume may be due to insufficient selling pressure. In this case, future prices may correct or consolidate. Due to the lack of volume support, price increases may be difficult to sustain, and investors should be wary of the risk of price retracement at high levels.
It is advisable to pay attention to whether trading volume can keep up with price increases and whether new buying interest has entered. In a volatile trend, as trading volume decreases, prices increase. The Williams indicator indicates that it is currently in an overbought phase. Recently, trading volume has decreased, with volume lower than in previous hours, while prices rise and volume declines: upward momentum is weakening.

Market upward momentum is weakening, it is recommended to remain cautious, pay attention to changes in trading volume, and be wary of price retracement risks.

The above content is for reference only and does not constitute investment advice.

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