BOSS Wallet data source, Ethereum ethereum price today, ETH Ethereum latest price broke through to $3318.95, an increase of 1.00%, transaction volume $28.166 billion

By analyzing the K-line chart, it is now an upward trend. Compared with 07:00, it fell sharply and rebounded compared with 00:00. The price rises but the trading volume decreases, which usually means that the upward momentum of the market is weakening and the number of buyers is decreasing.
This phenomenon of volume-price divergence may be due to insufficient selling. In this case, prices may pull back or go sideways in the future. Due to the lack of trading volume support, price increases may be difficult to sustain, and investors should be wary of the risk of price declines at high levels.
It is recommended to pay attention to whether the trading volume can keep up with the price increase and whether there is new buying. Upward trend, overbought, recent trading volume has decreased, price rises, trading volume decreases: the upward momentum is weakening. The Williams indicator shows that it is currently overbought.
The trading volume has decreased recently, and the trading volume is lower than in previous hours. The price is rising and the trading volume is falling: the upward momentum is weakening.
The upward momentum has weakened and there is a risk of a correction. Investors are advised to wait and see cautiously and avoid chasing high prices.

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