BOSS Wallet data source, Ethereum ETH today's market news, latest price of ETH Ethereum: $3428.44, 24-hour increase of 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 drop at 19:00, breaking the low at 20:00, there has been a decline compared to 14:00. The price is rising but trading volume is decreasing, which 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 may be due to insufficient selling pressure. In this case, future prices may correct or consolidate sideways. Due to the lack of trading volume support, it may be difficult for the price increase to sustain, and investors should be cautious of the risk of price pullback at high levels.
It is recommended to pay attention to whether the trading volume can keep up with the price increase and whether there are new buyers entering. Recently, trading volume has decreased, and the upward momentum of price has weakened. Judging by the Williams indicator, it is currently in an overbought state. Recently, trading volume has decreased, with trading volume down compared to previous hours, price rising, and trading volume dropping: upward momentum is weakening.

Upward momentum is weakening, it is recommended to reduce positions or wait and see 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.

#ETH