BREAKING
256d 3h ago

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

ETH

ETH/USDT

$2,127.12
+4.51%
24h Volume

$39,049,302,904.94

24h H/L

$2,145.26 / $2,009.54

Change: $135.72 (6.75%)

Long/Short
69.8%
Long: 69.8%Short: 30.2%
Funding Rate

-0.0018%

Shorts pay

Data provided by COINOTAG DATALive data
Ethereum
Ethereum
Daily

$2,121.96

1.67%

Volume (24h): -

Resistance Levels
Resistance 3$2,577.98
Resistance 2$2,403.28
Resistance 1$2,234.29
Price$2,121.96
Support 1$1,994.75
Support 2$1,826.83
Support 3$1,157.44
Pivot (PP):$2,110.44
Trend:Downtrend
RSI (14):32.9

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.

Share News:
Don't Miss Breaking News