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ETH ethereum price reaches $3,767.99 per coin, up 1.01% intraday

ETH ethereum price reaches $3,767.99 per coin, up 1.01% intraday

Bitget2024/12/04 15:04

Ether ethereum today's market news, ETH ethereum latest price: $3767.99, up 3.57% in 24 hours, trading volume $42.067 billion By looking at the k-chart, it is currently in an uptrend. It is down sharply from 11:00, penetrating the 12:00 low, and down from 09:00. When prices are falling and volume is rising, it often means that selling pressure is building and sellers are selling aggressively. This situation may stem from the market's pessimistic expectations about future prices or from negative news that triggers panic selling. Prices may continue to fall in the future as selling pressure is high and market sentiment is pessimistic. Investors should keep an eye on the price to see if it will fall below the key support level, which if breached, may trigger a sharper decline. Trading volume increased, but the price declined, indicating increased selling pressure. The Williams indicator suggests that the current belongs to no overbought and oversold. The volume of trades has increased recently, the volume of trades is higher than in the previous hours, the price is falling and the volume of trades is rising: the selling pressure is increasing. The market trend is not clear, we recommend to continue to wait and see, pay attention to key support levels and be alert to the continued increase in selling pressure leading to a decline in prices. The above is for reference only and does not constitute investment advice.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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