BOSS Wallet data source, latest price news for Ethereum (ETH), real-time price of ETH rises by 1.00% to $3322.89, trading volume $34.606 billion

After studying the candlestick chart, it is currently a downward trend. Compared to 19:00, there has been a significant increase, a recovery compared to 17:00, and a decrease compared to 14:00. 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 divergence phenomenon between price and volume may be caused by a lack of selling pressure. In this case, future prices may experience a pullback or sideways consolidation, as the lack of trading volume support makes it difficult for prices to continue rising. Investors should be cautious of the risk of a high position retreat and pay attention to whether the trading volume can keep up with the price increase and whether there is new buying interest.
Market enthusiasm is declining, and trading volume is decreasing. According to the Williams indicator, the current market condition indicates no overbought or oversold situation. Recent trading volume has decreased, with volume down compared to the previous few hours, price rising, and volume declining: upward momentum is weakening.

Market upward momentum is weakening, it is advisable to operate cautiously, pay attention to changes in trading volume, and avoid entering the market blindly.

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

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