BOSS Wallet data source, Ethereum ETH real-time price quotes, the latest price of ETH Ethereum today reached $3485.06, with an increase of 1.01%, trading volume $19.074 billion

Based on the candlestick chart analysis, it is currently in a downward trend. Compared to 10:00, there has been a significant increase, a recovery compared to 08:00, and a decline compared to 03:00. The price is rising but the trading volume is decreasing, which usually indicates a weakening upward momentum in the market and a decrease in the number of buyers.
This phenomenon of divergence between volume and price may be due to a lack of selling pressure. In this case, future prices may experience a pullback or sideways movement, as the lack of trading volume support makes it difficult for prices to continue rising. Investors should be wary of the risk of a high-level pullback, monitor whether trading volume can keep up with the price increase, and whether new buying interest emerges.
Decreasing trading volume and rising prices indicate weakened upward momentum. According to the Williams indicator, the current market is neither overbought nor oversold. Recently, trading volume has decreased, with trading volume down from previous hours, prices rising, and volume declining: upward momentum is weakening.

Weakening upward momentum suggests to wait and see, focusing on trading volume and new buying interest, to guard against market volatility.

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

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