BOSS Wallet data source, Ethereum ETH today's market news, Latest price of ETH Ethereum: $3356.25, 24-hour drop -1.24%, trading volume $33.915 billion

The candlestick chart shows that it is currently in a consolidation trend. Compared to 22:00, there has been a significant increase, and it has rebounded from 17:00, breaking through the high point of 23:00. Prices are rising but trading volume is decreasing, which usually indicates that the upward momentum of the market is weakening and the number of buyers is decreasing.
This divergence between price and volume may be due to 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 price increases to sustain. Investors should be cautious of the risk of a high-level pullback and pay attention to whether trading volume can keep up with price increases, as well as whether new buying interest is coming in.
Market heat is low, trading volume is decreasing. Judging by the Williams indicator, it is currently in a state of neither overbought nor oversold. Recently, trading volume has decreased, compared to the previous few hours, price is rising while trading volume is declining: upward momentum is weakening.

Upward momentum is weakening, it is recommended to operate cautiously, paying attention to changes in volume and price and new buying conditions.

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

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