Ethereum (ETH) Volume Close to Zero, but There’s Crucial Detail

By: bitcoin ethereum news|2025/05/04 11:00:01
0
Share
copy
Ethereum, the cryptocurrency with the second-largest market capitalization, is about to enter a state of unnerving quiet. The chart is starting to show the inertia caused by the broader price action even though the asset is still above important short-term moving averages. ETH is currently trading at about $1,825, and it is having difficulty convincingly breaking through local resistance levels. Ethereum’s volume profile is the most obvious cause for concern. Over the past few weeks, daily trading volume has drastically decreased, and it is currently close to historic lows. It appears from this volume collapse that market players are unsure of themselves and that neither bulls nor bears are in charge. A market that is waiting for a catalyst and has run out of momentum is indicated by this classic signal. Volatility has also collapsed. There are no indications of overbought or oversold conditions and the Relative Strength Index (RSI) is currently in neutral territory just below 60. That is consistent with the sideways price movement that ETH has shown since the middle of April. ETH is having difficulty sustaining any sort of long-term breakout momentum with the 50 EMA hovering just above the current price levels. You Might Also Like Nevertheless, this quiet could be misleading. Just below a crucial psychological level of $1,900 to $2,000, Ethereum is consolidating. Consolidation periods like these frequently precede abrupt directional movements. The absence of buying volume severely undermines the bullish case, but the current setup leaves open the possibility of an abrupt reversal. Ethereum’s upside potential is limited unless there are macroeconomic catalysts or a spike in on-chain activity. In the meantime, a decline below the 50 EMA (~$1,765) would probably trigger a new round of selling, pushing ETH back toward $1,600. The next significant spike could determine the course of the subsequent leg, so investors should closely monitor volume. Source: https://u.today/ethereum-eth-volume-close-to-zero-but-theres-crucial-detail

-- Price

--

You may also like

Stablecoins are the "royalists" of the crypto world: Open USD brings the old currency system into play

The emergence of Open USD has shifted the competition for stablecoins from the market struggle of crypto startups to a battle for infrastructure involving traditional finance, payment networks, technology platforms, and public chain ecosystems.

Semiconductor stocks plummet, yet Anthropic wants to create a 2nm chip

Abandoning TSMC and teaming up with Samsung. Anthropic launches a self-developed 2nm chip program, challenging Nvidia and starting a battle to break through computing power costs.

Where is Zhao Changpeng's billion-dollar investment going? YZi Labs' investment landscape fully revealed

Zhao Changpeng's billion-dollar new "family office" YZi Labs investment landscape revealed: 70% of the funds are committed to the crypto ecosystem, while 30% are cross-industry bets on AI and biotechnology, launching a new capital experiment in the post-Binance era.

Ethereum Foundation Report: A Basic Guide to Ethereum for Governments and Financial Institutions

The Ethereum Foundation has released this non-technical introductory report aimed at government officials, central banks, regulators, and corporate decision-makers, explaining how Ethereum works, how it is governed, how it differs from other blockchains, and how institutions and governments are alre...

A pre-announced harvesting case: After the cryptocurrency price dropped by 99%, the public chain Saga exited to transform into AI

True failure often isn't a single price drop, but rather a pricing mechanism that repeatedly rewards those who tell stories while repeatedly punishing those who believe in the stories.

When American giants collectively "defect" from Chinese AI models

Coinbase CEO publicly stated: the company has fully switched its AI to a Chinese model, cutting expenses in half while usage has doubled. Snowflake and Lindy are also doing the same thing—an unnoticed "AI model migration wave" is happening.

Contents

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com