RATE Group | What Ethereum’s Trading Volume Shows About the Intense Bear Trend
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What Ethereum’s Trading Volume Shows About the Intense Bear Trend

15 Dec What Ethereum’s Trading Volume Shows About the Intense Bear Trend

Posted at 21:36h in Ethereum News by

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Ethereum has been closely tracking Bitcoin’s price action in recent times, which means that the past few months have been incredibly turbulent for the cryptocurrency. Concurrently with this turbulence, ETH has been failing to garner any heightened trading volume, which could offer some insight into the current trend.

It is important to note that Ethereum’s volume is up significantly from where it was earlier this year, but the lack of any momentum – in one direction or the other – may signal that a massive movement is imminent.

2019 Was a Volatile Year for Ethereum

At the time of writing, Ethereum is trading up marginally at its current price of $143, which is right around where it has been trading for the past several days.

Over a short time frame, ETH has been trading between a relatively wide range between $120 and $200, and this range has been tightening over the past several weeks.

While zooming out and looking at Ethereum’s one-year price action, it grows clear as to…

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