BOSS Wallet data source, Ethereum ETH today's market news, ETH Ethereum latest price: $3118.64, 24 hours down -4.03%, transaction volume $46.493 billion
Based on the analysis of the candlestick chart, the current trend is downward. It has risen significantly compared to 18:00, rebounded compared to 11:00, and declined compared to 09:00. Rising prices but falling trading volumes usually indicate a weakening of the market's upward momentum and a decrease in the number of buyers.
This phenomenon of volume-price divergence may be caused by a lack of selling. In this case, prices may fall back or go sideways in the future, because the lack of trading volume support makes it difficult for price increases to continue. Investors need to be alert to the risk of a pullback from highs, and pay attention to whether trading volume can keep up with price increases and whether there is new buying intervention.
The market heat is declining and the trading volume is decreasing. According to the Williams indicator, there is no overbought or oversold state now. The trading volume has decreased recently, and the trading volume is less than in the previous hours. The price is rising and the trading volume is falling: the upward momentum is weakening.

The market's upward momentum has weakened. It is recommended to operate with caution, pay attention to changes in trading volume, and avoid blind entry.
The above content is for reference only and does not constitute investment advice.

#ETH