BOSS Wallet data source, Ethereum ETH latest price news, ETH Ethereum real-time price increased by 1.00% to $3621.55, trading volume $27.596 billion
The candlestick chart shows that there is a downward trend now. Compared to 23:00, there was a significant increase, a recovery compared to 19:00, and a decline compared to 15:00. When the price rises while the trading volume decreases, it usually indicates that the market's upward momentum is weakening and the number of buyers is decreasing.
This divergence between price and volume is usually due to a lack of selling pressure. In this case, future prices may pull back or consolidate sideways. Due to the lack of volume support, it is difficult for the price increase to sustain, and there is a risk of a high-level pullback. Investors should pay attention to whether the trading volume can accompany the price increase and whether there are new buyers entering the market.
Market activity is low, and momentum is weakening. The Williams indicator indicates that it is currently a period without overbought and oversold conditions. Recently, trading volume has decreased, trading volume is down compared to a few hours ago, price is rising, and trading volume is declining: upward momentum is weakening.
Market's upward momentum is weakening, it is advisable to remain cautious, pay attention to changes in trading volume, and wait for the market to stabilize.
The above content is for reference only and does not constitute investment advice.