BOSS Wallet data source, Ethereum ETH today's price trend, the latest price of ETH Ethereum has broken through to $3632.98, with an increase of 1.08%, trading volume $21.289 billion
After analyzing the K-line chart, it was found that it is currently in a downward trend. Compared to 10:00, there has been a significant increase, breaking through the high point of 06:00. The price is rising but the trading volume is declining, which usually indicates that the upward momentum of the market is weakening and the number of buyers is decreasing.
The price increase may be due to a lack of selling pressure, considered as 'volume-less rise'. In this case, future prices may experience a pullback or sideways consolidation. Due to the lack of trading volume support, the price rise may be difficult to sustain, and caution should be exercised regarding the risk of price retracement at high levels.
Investors should pay attention to whether the trading volume can keep up with the price increase and whether there are new buyers entering the market. Decreasing volume and rising prices indicate weakening upward momentum. The Williams indicator shows that it is currently in a phase without overbought or oversold conditions.
Recently, trading volume has decreased, with volume down compared to the previous few hours, while prices rise and volume declines: upward momentum is weakening.
With weakening upward momentum, it is recommended to watch and pay attention to changes in trading volume and new buyer situations to guard against the risk of price retracement.
The above content is for reference only and does not constitute investment advice.