Whether trading volume has increased noticeably before and after the news is the simplest way to check.
Take this one, for example: 10 minutes ago, an address spent 34.69 million USDC to buy 15,216 ETH, $ETH , with a transaction volume of 224 million.
For now, conditions are favorable for sentiment to recover, but the direction still depends on whether price and volume move in tandem.

#ETH