BOSS Wallet data source, Ethereum ETH today's market news, latest price of ETH Ethereum: $3632.77, 24-hour increase of 1.61%, trading volume $17.906 billion

According to the analysis of the K-line chart, it is currently in an upward trend. Compared to 14:00, there was a significant decline, a recovery compared to 10:00, and a decrease compared to 12:00. When the price rises but the trading volume decreases, it usually indicates that the upward momentum in the market is weakening and the number of buyers is decreasing.
This phenomenon of divergence between price and volume is usually caused by a lack of selling pressure. In this context, future prices may experience a pullback or sideways consolidation, as the lack of trading volume support makes it difficult for price increases to sustain. Investors should be cautious of the risk of price retreats at high levels and pay attention to whether trading volume can keep up with price increases and whether there is new buying interest.
Price increases indicate weakening upward momentum. The Williams indicator shows that the current market is neither overbought nor oversold. Recently, trading volume has decreased, with trading volume lower than in the previous hours, while price rises and trading volume falls: upward momentum is weakening.

Weakening upward momentum suggests caution when entering the market and setting stop-loss levels, while paying attention to subsequent trading volume and new buying interest.

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

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