An Overview of Declining Ethereum Spot Volume and Others Keep Accumulating Ethereum (ETH), which is currently trading at about $1,770, looks to be extending its period of price consolidation . ETH has dropped by about 3% in the last week, with a 1.6% decrease in the last day alone . After hitting a cycle high of $4,107 in December 2024, the market started a wider correction, which is being continued by this downward trend. On-chain data suggests that even with the very small price movements, there may be short-term market behavior influenced by modest underlying changes. Reduced Spot Volume Draws Attention to Market Caution There are indications of weakening in Ethereum's spot market activity. Darkfost , an analyst with CryptoQuant , claims that the spot volume for ETH has been continuously declining. A bubble chart that shows two important metrics—the size of each bubble represents the total trading volume, and the color denotes the rate o...