BOSS Wallet data source, Ethereum market news today, latest price of ETH: $3669.86, 24-hour increase of 0.912%, trading volume $13.303 billion

According to the candlestick chart, it is currently in an upward trend. Compared to 00:00, there is a slight increase; compared to 23:00, there is a slight decrease; and compared to 17:00, there has been a decline. When prices rise but trading volume decreases, it usually indicates that the upward momentum in the market is weakening and the number of buyers is decreasing.
This phenomenon of divergence between volume and price is often caused by a lack of selling pressure. In this context, future prices may experience a correction or sideways consolidation, as the lack of trading volume support makes it difficult for prices to sustain their upward trend. Investors should be cautious of the risk of price pullbacks at high levels and pay attention to whether trading volume can keep up with price increases, as well as whether new buying interest emerges.
Upward trend, overbought, trading volume has recently decreased, prices are rising, and trading volume is declining: upward momentum is weakening. Based on the Williams indicator, it is currently considered overbought. Recently, trading volume has decreased, with trading volume lower than in previous hours, prices rising, and trading volume declining: upward momentum is weakening.

Market upward momentum is weakening, there is a risk of correction, and it is advised that investors operate cautiously to avoid chasing highs.

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

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