ETH ethereum price reaches $2,486.68 per coin, up 1.00% intraday

Ether ethereum real-time price quotes, ETH ethereum latest price reached $2486.68 today, up 1.00%, trading volume $13.85 billion 
The study of the k-chart shows that it is now trending down. It is down sharply compared to 14:00, it has recovered from 08:00 and is down from 13:00. Falling prices but rising volumes usually means that the market is under increased selling pressure and sellers are selling aggressively.
This could be due to the market becoming pessimistic in its expectations of future prices or panic selling triggered by negative news. Prices may continue to fall in the future as selling pressure is high and market sentiment is pessimistic. Investors should be wary of whether prices will fall below key support levels, which, if lost, could trigger a sharper decline.
However, the price is falling, indicating increased selling pressure. The Williams indicator shows that the current market state is oversold. Trading volume has increased recently, trading volume is higher than in the previous hours, price is falling and trading volume is rising: selling pressure is increasing.
The market is still unstable, we recommend to continue to wait and see, pay attention to the key support levels and wait for the trend to clear before making a decision.
The above is for reference only and does not constitute investment advice.