BOSS Wallet data source, Ethereum current price trend, ETH Ethereum latest price has broken through to $3534.3, an increase of 5.12%, trading volume $26.496 billion

Analysis through candlestick chart shows that it is currently an upward trend. Compared to 15:00 there was a significant drop, an increase compared to 10:00, and a decrease compared to 13:00. When the price rises while 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 volume-price divergence is usually due to a lack of selling pressure. In this case, future prices may retrace or consolidate sideways. Due to the lack of trading volume support, price increases are difficult to sustain, and there is a risk of a pullback from high levels. Investors should pay attention to whether trading volume can support price increases and whether new buyers are entering the market.
Trading volume has decreased compared to previous days, with prices rising and trading volume falling: upward momentum is weakening. The Williams indicator shows that it is now an overbought situation. Recently, trading volume has decreased, with trading volume falling compared to the previous hours, while prices rise and trading volume decreases: upward momentum is weakening.

The market's upward momentum is weakening, and it is recommended that investors reduce their positions, paying attention to changes in trading volume and new buying situations.

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

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