Ethereum PoW Short-Term Surge Signals Potential Volatility

I see that Ethereum PoW (ETHW) against USDT has experienced a notable increase of 2.87% over a very short period, specifically around 54 seconds. The current price sits at approximately ₮1.6588, up from ₮1.6125. Trading volume in the last 3 minutes is 160,000 units, with a total volume over the past 24 hours reaching 2.26 million, and the ratio of 3-minute volume to 24-hour volume being 34.1, indicating heightened recent activity.

This rapid price movement and volume spike suggest strong short-term momentum, possibly driven by a surge in trader interest or market sentiment for ETHW, which is often linked with Ethereum's proof-of-work fork. The brief time frame and volume activity hint at a potential breakout or a reaction to recent news or market events, making it crucial to watch further developments for confirmation of trend continuation.

Given the current data, traders should be cautious. While the upward momentum is promising, the quick price change also indicates high volatility. It’s essential to monitor whether this rally sustains or if it’s a short-lived spike, perhaps triggered by speculative trading or news. Proper risk management and confirmation signals should guide any trading decision in such volatile conditions.