ETH volume rose 65%—so why isn’t it yet “strong volume expansion”?
From 08:00 to 09:00 UTC on Nov 15, the complete hourly candle closed at 1,811.41 USDT, up from 1,782.38, a gain of 1.63%. Volume was about 6,768 ETH, 65.5% higher than the previous hour, but just 71.5% of the average volume over the previous 20 complete hours. Change the comparison baseline, and the picture changes.
This bullish candle ended a streak of four hourly bearish candles, but the close was still slightly below the EMA20 at about 1,813.47, and RSI(14) was around 46.6. A local rebound has emerged, but its staying power is not yet confirmed.
For a move higher, watch whether a complete hourly candle can close above this candle’s high of 1,813.44, then hold that level on a pullback with volume continuing. If price breaks below this candle’s low of 1,777.35 again and fails to recover, the basis for this recovery weakens. Recorded highs and lows do not guarantee support or resistance, and moving averages can change.
The chart shows the spot 1-hour candlesticks; ETHUSDT Perp is a separate perpetual-market card, while the coin label links to the spot market. For market observation only; this is not a buy or sell recommendation.
$ETH
From 08:00 to 09:00 UTC on Nov 15, the complete hourly candle closed at 1,811.41 USDT, up from 1,782.38, a gain of 1.63%. Volume was about 6,768 ETH, 65.5% higher than the previous hour, but just 71.5% of the average volume over the previous 20 complete hours. Change the comparison baseline, and the picture changes.
This bullish candle ended a streak of four hourly bearish candles, but the close was still slightly below the EMA20 at about 1,813.47, and RSI(14) was around 46.6. A local rebound has emerged, but its staying power is not yet confirmed.
For a move higher, watch whether a complete hourly candle can close above this candle’s high of 1,813.44, then hold that level on a pullback with volume continuing. If price breaks below this candle’s low of 1,777.35 again and fails to recover, the basis for this recovery weakens. Recorded highs and lows do not guarantee support or resistance, and moving averages can change.
The chart shows the spot 1-hour candlesticks; ETHUSDT Perp is a separate perpetual-market card, while the coin label links to the spot market. For market observation only; this is not a buy or sell recommendation.
$ETH
