BOSS Wallet data source, Ethereum ETH today's market news, latest price of ETH Ethereum: $3685.84, up 3.58% in 24 hours, trading volume $30.08 billion

From the analysis of the candlestick chart, it is currently in a downtrend. Compared to 14:00, there was a significant rise, but a decline compared to 07:00. The rise in price but decrease in trading volume usually indicates that the bullish momentum in the market is weakening, with fewer buyers.
The rise in price may be due to a lack of selling pressure, which is considered a 'volume-less increase'. In this situation, the price may experience a correction or sideways consolidation in the future. Due to the lack of trading volume support, the price increase may be difficult to sustain, and one should be cautious of the risk of price retreating from high levels.
Investors should pay attention to whether the trading volume can keep up with the price increase and whether there are new buyers entering. Decreased trading volume with rising prices. According to the Williams indicator, it is currently neither overbought nor oversold. Recently, trading volume has decreased, with trading volume down compared to the previous hours, while the price rises and trading volume declines: bullish momentum is weakening.

The market's bullish momentum is weakening, it is advised to observe the situation, pay attention to trading volume and new buying, and be cautious of the risk of price retreating.

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