Volume and price need to move together for the move to be meaningful. If price is moving but momentum hasn’t caught up, be skeptical.
Take this, for example: ETH’s trading volume on Hyperliquid over the past 24 hours surpassed BTC’s, reaching about $1.1 billion; $ETH , up 0.15% intraday.
A blow to confidence doesn’t mean the trend has turned negative. The key is whether support holds.