Although the price of Ethereum (ETH) has experienced recently, the increasing purchase volume shows that the interest of investors has not decreased. Historical data reveals that the increase in purchase volume during price decreases often indicates great recovers.
Price decrease and increase in purchase volume
Ethereum’s Teker Buy Volume, that is, the volume of purchasing orders made from the market price has increased significantly recently. ETH, which was traded at $ 3,750 at the beginning of January, declined to $ 3,350, but the purchase volume rose in this process.
This trend is similar to the accumulation of May 2024. At that time, while the price decreased, the purchase volume increased and then the ETH value increased by 27 percent to $ 4,750. There may be a similar situation at the moment and the price may be preparing for rise.
Historical data and possible rise scenario
When the past price movements of Ethereum are examined, it is seen that increasing volumes of purchase during price decreases generally trigger large rise. Although the ETH price decreased to $ 2,500 in December 2024, the purchase volume increased and the price reached $ 3,700.
In May 2024, a similar scenario took place, and the purchase volume increased while the ETH price declined, and at the end of this process, the price recovered rapidly. If this trend persists, there is a chance to experience a new price increase for Ethereum.
Short -term view of Ethereum
ETH weekly graph shows that the price is currently consolidated at $ 3,228. If the support level of $ 3,000 is maintained, the price is likely to move to the range of $ 3,500-3,600.
The relative power index (RSI) points to an undecided situation by showing that the market is neither in the oversight nor over -selling zone. The stable of the ten balancing volume (OBV) indicator suggests that large investors continue to accumulate instead of selling assets.
If ETH loses $ 3,000 support, the price is estimated to decline to $ 2,800. However, if the current accumulation tendency continues, there is a chance to start a new rise movement for Ethereum in the light of historical data.
