BOSS Wallet data source, latest price news for Ethereum ETH, the real-time price of ETH has increased by 1.01% to $3359.08, trading volume $22.399 billion

From the analysis of the candlestick chart, it is currently in a downward trend. Compared to 14:00, there is a significant increase, a recovery compared to 13:00, and a decline compared to 07:00. When the price falls while trading volume rises, it usually indicates that selling pressure in the market is increasing, with sellers actively selling.
This situation may be due to the market becoming pessimistic about future prices, or being influenced by certain negative news, leading to panic selling. Future prices may continue to decline because there is significant selling pressure and market sentiment is pessimistic.
Investors should be cautious about whether the price will break through key support levels. If the support level is breached, it may trigger a larger decline. Trading volume is rising, prices are falling, and market selling pressure is high. The Williams indicator shows that the current market state is neither overbought nor oversold.
Recently, trading volume has increased, with trading volume rising compared to the previous few hours, prices falling, and increased trading volume: selling pressure is increasing.
The market is rising but selling pressure remains high, it is recommended to continue reducing positions, pay attention to key support levels, and be wary of pullback risks.

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