BOSS Wallet data source, Ethereum ETH price today, ETH Ethereum latest price broke through to $2470.9, an increase of 1.00%, transaction volume $14.545 billion
According to the K-line chart analysis results, it is currently in a downward trend. It has fallen sharply compared to 11:00, rebounded compared to 08:00, and fallen compared to 05:00. The price drops but the trading volume increases, which usually means that the market selling pressure increases and sellers are actively selling.
This may be due to the market's pessimistic expectations for future prices or panic selling caused by negative news. Prices may continue to fall in the future due to high selling pressure and pessimistic market sentiment. Investors should be wary of whether prices will fall below key support levels. If support levels are lost, it may trigger a larger decline.
But the price is falling, indicating that selling pressure is increasing. According to the Williams indicator, the current market is oversold. The trading volume has increased recently, and the trading volume is higher than in the previous hours. The price is falling and the trading volume is rising: selling pressure is increasing.
The market rose after being oversold, and selling pressure still exists. It is recommended to continue to wait and see and wait for clearer signals.
The above content is for reference only and does not constitute investment advice.

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