BOSS Wallet data source, real-time price of Ethereum ETH, the latest price for ETH today reached $3288.65, with an increase of 1.04%, trading volume $31.933 billion

Through the analysis of the candlestick chart, there is currently a downward trend. Compared to 13:00, there is a slight increase; compared to 12:00, there is a slight decrease; and there has been a decline compared to 05:00. When the price decreases while trading volume increases, it often indicates that selling pressure is increasing and sellers are actively selling.
This situation may stem from the market's pessimistic expectations for future prices or 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 the price will break below key support levels; if the support level is breached, it may trigger a larger decline.
In a downward trend, trading volume increases while prices decrease. According to the Williams indicator, the current state is neither overbought nor oversold. Recent trading volume has increased, with trading volume higher than in the previous hours, while prices decline and trading volume rises: selling pressure increases.

Market trends are inconsistent with expectations; the rise may be a short-term fluctuation. It is recommended to continue monitoring and set stop-loss orders appropriately.

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

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