ETH

ETH is currently experiencing a slight downward correction, trading -0.10% on the day. The 1-minute candles show a short-term downtrend with lower highs and lower lows after an initial rally in the 21:05:00 candle (UTC). The 5-minute chart reveals choppy price action, with a recent significant bullish move from 23:50:00 to 23:55:00. Volume on 1-minute candles is low in the most recent candles, which indicates a loss of bullish momentum in the short term. However, looking at the 5-minute data, the asset saw a considerable rise in volume between 23:50:00 and 23:55:00, which indicates a strong bullish momentum. The current price is close to the 24h low, suggesting potential for further downward pressure or a potential reversal.