EthereumPoW Surge Signals Short-Term Bullish Trend

I see a notable upward movement in EthereumPoW (ETHW) trading against USDT, with a recent gain of 2.54%. This short-term price increase, from approximately 1.6216 to 1.6628 Tether within just 32 seconds, indicates a strong bullish sentiment among traders.

The trading volume over the last three minutes is 356,000, and over the past 24 hours, it has reached 2.26 million, suggesting active market participation and interest. The volume ratio of 75.8 between the 3-minute and 24-hour periods reinforces the recent surge's significance and momentum.

Given these indicators, ETHW is demonstrating a rapid price spike fueled by notable buying pressure and market enthusiasm. Such rapid shifts often draw attention from swing traders looking to capitalize on short-term momentum. However, the volatility inherent in these quick movements warrants caution, as the trend could reverse or consolidate soon.