BOSS Wallet data source, Ethereum ETH today's market news, latest price of ETH Ethereum: $3428.44, 24-hour increase 3.135%, trading volume $14.15 billion

From the analysis of the K-line chart, there is currently an upward trend. Compared to a sharp decline at 19:00, breaking through the low point of 20:00, it has decreased from 14:00. The price is rising but the trading volume is decreasing, which usually indicates a weakening upward momentum in the market, with fewer buyers.
This phenomenon of divergence between volume and price may be due to insufficient selling. In this case, future prices may correct or consolidate sideways. Due to the lack of trading volume support, it may be difficult for price increases to sustain, and investors should be cautious of the risk of price pullbacks at high levels.
It is recommended to pay attention to whether trading volume can keep up with price increases, and whether there is new buying interest. Recently, trading volume has decreased, and the momentum of price increases has weakened. According to the Williams indicator, it is currently in an overbought state. Recently, trading volume has decreased, with trading volume lower than in previous hours, and price rising while volume decreases: upward momentum weakens.

Upward momentum weakens, suggesting to reduce positions or observe, to guard against pullback risks, and to further judge in conjunction with other indicators.

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

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