BOSS Wallet data source, Ethereum's current price trend, the latest price of ETH has broken through to $3207.61, with an increase of 1.00%, trading volume $25.093 billion
According to the K-line chart, it is currently in an upward trend. Compared to 19:00, it has increased slightly; compared to 20:00, it has decreased slightly; it has rebounded compared to 12:00; and decreased compared to 16:00. When the price falls and trading volume rises, it usually indicates an increase in market selling pressure, with sellers actively selling.
This situation may be because the market's expectations for future prices have become pessimistic, or it has been affected by some negative news, leading to panic selling. Future prices may continue to decline due to significant selling pressure and pessimistic market sentiment.
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. Selling pressure is increasing, and prices are falling. According to the Williams indicator, the current situation shows no overbought or oversold conditions.
Recently, trading volume has increased, with trading volume rising compared to the previous few hours, while prices are falling, leading to increased selling pressure.
The rise may be a short-term fluctuation; market selling pressure remains high. It is recommended to continue observing and waiting for clear signals.
The above content is for reference only and does not constitute investment advice.

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