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

While zooming out and looking at Ethereum’s one-year price action, it grows clear as to just how volatile 2019 has been for the crypto, with it starting the year off at $90 before catching Bitcoin’s upwards tailwinds that led ETH to surge as high as $350 in late-June. Ethereum’s volatility has been loosely tracking the price action seen throughout 2019, with all big upwards movements being driven by heightened trading volume.

The fact that Ethereum’s trading volume is still up significantly from where it started the year – despite any massive price climb – may point to the possibility that buyers are accumulating the digital asset. It may also signal that a massive movement is imminent, as periods of sideways trading – with regards to both price action and trading volume – are historically followed by trend-defining movements.

Timeline of Ethereum