BREAKING
253d 23h ago

ETH Trading Volume Insights: Spot Trading Cools While Contracts Heat Up

ETH

ETH/USDT

$2,113.64
-7.22%
24h Volume

$37,939,871,804.04

24h H/L

$2,293.99 / $2,068.20

Change: $225.79 (10.92%)

Long/Short
79.4%
Long: 79.4%Short: 20.6%
Funding Rate

+0.0040%

Longs pay

Data provided by COINOTAG DATALive data
Ethereum
Ethereum
Daily

$2,087.22

-2.84%

Volume (24h): -

Resistance Levels
Resistance 3$2,820.15
Resistance 2$2,294.17
Resistance 1$2,149.26
Price$2,087.22
Support 1$2,068.20
Support 2$1,940.12
Support 3$1,532.78
Pivot (PP):$2,109.73
Trend:Downtrend
RSI (14):22.5

In recent updates by COINOTAG on May 29th, analysis from CryptoQuant highlights critical trends in the Ethereum market. The firm’s latest transaction volume bubble chart reveals a marked cooling in ETH’s spot trading volume, a trend that could raise concerns for active traders. Conversely, the data indicates that contract trading volume is experiencing a significant surge, suggesting a shift in trading dynamics. This divergence may serve as a warning signal for Ethereum traders, prompting a necessary reevaluation of their strategies. As the market evolves, understanding these metrics becomes essential for informed decision-making and risk management in the volatile crypto landscape.

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