BOSS Wallet data source, Ethereum ETH today's price trend, the latest price of ETH broke to $3504.99, with an increase of 1.03%, trading volume $28.154 billion

According to the analysis of the candlestick chart, there is currently an upward trend. Compared to 12:00, there is a slight increase; compared to 13:00, there is a slight decrease; and it has recovered compared to 06:00. The price is rising but the trading volume is decreasing, which usually indicates that the upward momentum of the market is weakening and the number of buyers is decreasing.
The price increase may be due to a lack of selling pressure, deemed a 'no-volume rise'. In this case, future prices may experience a correction or sideways consolidation. Due to the lack of trading volume support, a price increase may be difficult to sustain, and one should 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 buyers entering the market. Recently, the trading volume has decreased, and the upward momentum of the price has weakened. The Williams indicator indicates that the current state is overbought. Recently, trading volume has decreased, trading volume has decreased compared to previous hours, and the price has risen while trading volume has fallen: the upward momentum is weakening.

The market's upward momentum is weakening, it is recommended to reduce positions or remain on the sidelines to guard against the risk of correction, and to pay attention to changes in trading volume and new buying interest.

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

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