BOSS Wallet data source, Ethereum today market news, latest ETH price: $3500.33, 24-hour change 0.392%, trading volume $17.638 billion

After studying the candlestick chart, it is currently a fluctuating trend. Compared to 21:00, there has been a significant increase, and a recovery compared to 16:00, breaking through the high point of 22:00. The price is rising but trading volume is decreasing, which usually indicates a weakening upward momentum in the market and a decrease in the number of buyers.
This divergence in volume and price may be due to a lack of selling pressure. In this case, future prices may experience a pullback or sideways consolidation, as the lack of trading volume support makes it difficult for prices to sustain their rise. Investors should be cautious of the risk of a high position retreat and pay attention to whether trading volume can keep up with the price increase and whether new buying interest occurs.
Trading volume decreases, and price rises. The Williams indicator shows that it is currently neither overbought nor oversold. Recent trading volume has decreased, trading volume has reduced compared to previous hours, price is rising, and trading volume is declining: upward momentum is weakening.
Upward momentum is weakening, a pullback or sideways movement may occur; it is recommended to watch and pay attention to trading volume and new buying interest.

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