BOSS Wallet data source, Ethereum's current price is $3322.55, with an increase of 1.01%, trading volume at $32.208 billion.

According to the candlestick chart analysis, it is currently in a downward trend. Compared to 08:00, there is a slight increase; compared to 09:00, there is a slight decrease; it has rebounded compared to 07:00; and decreased compared to 01:00. When prices fall while trading volume rises, it often indicates that selling pressure is increasing and sellers are actively selling.
This situation may arise from the market's pessimistic expectations for future prices, or it may be influenced by negative news, triggering panic selling. Future prices may continue to decline due to significant selling pressure and pessimistic market sentiment. Investors should pay attention to whether prices will break below key support levels; if support levels are breached, it may trigger a larger decline.
The market is hot, but prices are falling. The Williams indicator suggests that there is currently no overbought or oversold condition. Recently, trading volume has increased, with volume rising compared to the previous hours, while prices are falling and volume is rising: selling pressure is increasing.
The rise may be a short-term rebound, but selling pressure remains; it is advisable to operate cautiously and pay attention to support levels.


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

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