BOSS Wallet data source, Ethereum ETH today's market news, latest price of ETH Ethereum: $3669.22, 24-hour increase 1.581%, trading volume $16.227 billion

By analyzing the candlestick chart, it is now an upward trend. Compared to 19:00, there has been a significant increase, a recovery compared to 16:00, and a decline compared to 12:00. Price is rising but trading volume is decreasing, which usually indicates that the upward momentum of the market is weakening and the number of buyers is decreasing.
This phenomenon of divergence between price and volume may be due to a lack of selling pressure. In this case, future prices may experience a correction or sideways consolidation, as the lack of trading volume support makes it difficult for price increases to be sustained. Investors should be cautious of the risk of high-level pullbacks and pay attention to whether trading volume can keep up with price increases and whether there is new buying interest.
Trading volume has decreased compared to previous days, price is rising, and trading volume is decreasing: upward momentum is weakening. According to the Williams indicator, it is currently in an overbought condition. Recently, trading volume has decreased, trading volume has decreased compared to the previous hours, price is rising, and trading volume is decreasing: upward momentum is weakening.

Upward momentum is weakening, it is recommended to reduce positions and wait for the market to clarify, paying attention to the risk of high-level pullbacks.

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

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