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#ETH #TRUMP #MAGA #MELINA
Ethereum Price Declines with Increased Buying Volume: A Potential Breakthrough Signal?
Ethereum's price has declined, but buying activity has increased, which may indicate a potential breakthrough. Although the price has dropped from $3,750 at the beginning of January to $3,350, the increase in buying volume shows a rise in market activity. This trend is similar to the accumulation phase in May 2024, when buying volume surged during a price correction, followed by a 27% price rebound. Historically, a price drop accompanied by increased buying volume often indicates institutional accumulation or whale positioning, which could signal another accumulation-driven breakthrough for Ethereum. In the short term, Ethereum's price is consolidating around $3,228; if it can hold the support at $3,000, it may rebound to $3,500-$3,600, otherwise, it could drop to $2,800.