BOSS Wallet data source, real-time price of Ethereum, the latest price of ETH today reached $3253.33, an increase of 1.02%, trading volume $28.55 billion

Analysis of the K-line chart indicates a downward trend now, with a significant increase compared to 23:00, a recovery compared to 20:00, and a decrease compared to 16:00. Price is rising but trading volume is decreasing, which usually indicates weakening upward momentum in the market and a reduction in the number of buyers.
The price increase may be due to a lack of sell orders, considered a 'volume-less rise'. In this case, the future price may experience a pullback or sideways consolidation. Due to the lack of volume support, price increases may be difficult to sustain, and there is a need to be wary of 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 buy orders entering. Market enthusiasm is declining, and trading volume is decreasing. The Williams indicator shows that the current market state is neither overbought nor oversold. Recently, trading volume has decreased, with volume lower than in previous hours, price rising, and volume decreasing: upward momentum is weakening.

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

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

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