Ethereum Shows Bullish Momentum with Strong Buying Volume and Upward Price Movement

In my analysis of ETHUSDT, I observe a robust buying volume with approximately 20.482 million Korean won traded within the past minute, predominantly favoring buyers at 81%. This significant buying activity reflects strong market interest and upward momentum. The current price has increased from 3,687.78 to 3,706.07 USD, marking a 0.5% rise, supported by a broader 24-hour gain of 3.846%. Shorter time frames such as 4 hours and 1 hour have also shown modest yet consistent growth of around 0.80% and 0.78% respectively, indicating sustained short-term bullishness. Overall, the 24-hour trading volume of approximately 1.33 billion USD highlights substantial market liquidity and trading interest in ETHUSDT. The net volume data suggest that buyers still maintain an advantage, with around 51% of the volume being buy-side, although there is a slight decrease compared to the overall dominance, hinting at some profit-taking or consolidation. The alerts signal minimal recent activity, pointing to a relatively stable short-term outlook, but the persistent buying pressure and positive price movement suggest an optimistic sentiment. This set of data indicates that ETH is currently in a bullish phase, supported by strong buy-side engagement and price appreciation. Traders should watch for potential consolidation or pullbacks, but the overall trend appears favorable for long positions in the near term.