BOSS Wallet data source, Ethereum ETH today's market news, latest ETH price: $3669.22, 24-hour increase 1.581%, trading volume $16.227 billion

By analyzing the candlestick chart, it is currently an uptrend. Compared to 19:00, there is a significant increase, a recovery compared to 16:00, and a decline compared to 12:00. The price is rising but trading volume is decreasing, which usually indicates a weakening of bullish momentum and a decrease in the number of buyers.
This divergence of volume and price may be due to a lack of selling pressure. In this case, future prices may experience a pullback or sideways consolidation, as the lack of trading volume support makes it difficult for prices to sustain their rise. Investors should be wary of the risk of a high-level pullback and pay attention to whether trading volume can keep up with price increases and whether new buying pressure emerges.
Trading volume has decreased compared to previous days, with prices rising and trading volume decreasing: bullish momentum is weakening. According to the Williams indicator, it is currently in the overbought zone. Recently, trading volume has decreased, with trading volume down compared to the previous few hours, prices rising and trading volume decreasing: bullish momentum is weakening.

Bullish momentum is weakening, it is recommended to reduce positions and wait for the market to clarify, paying attention to the risk of high-level pullbacks.

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

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