BOSS Wallet data source, Ethereum's latest price news, ETH Ethereum's real-time price rises by 1.01% to $3394.06, trading volume $18.247 billion

Through the analysis of the candlestick chart, there is currently an upward trend. Compared to 12:00, it has risen significantly, has rebounded from 07:00, and has decreased from 09:00. The price is rising but trading volume is decreasing, which 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 may be caused by a lack of selling pressure. In this situation, future prices may experience a pullback or sideways consolidation, as the lack of trading volume support makes it difficult for the price to sustain its rise. Investors should be cautious of the risk of a high-level pullback and pay attention to whether the trading volume can keep up with the price increase, and whether there is new buying interest.
Recently, trading volume has decreased, and the upward momentum of the price is weakening. The Williams indicator shows that the current state is overbought. Recently, trading volume has decreased, with volume lower than in previous hours, price rising, and volume declining: upward momentum is weakening.

The upward momentum is weakening, suggesting reducing positions or holding off, and paying attention to subsequent changes in volume and price as well as new buying interest.

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

#ETH