#ETH Trading Volume Surges#

Ethereum Transaction Volume Surpasses Bitcoin: What Does It Mean?

In the second half of July, Ethereum (ETH) surpassed Bitcoin in weekly spot trading volume. During this period, ETH gained about 26% in value, while BTC declined by approximately 1.5%. This development is seen as an indication that market sentiment has changed.

Why is ETH Volume Increasing?
• Increase in Institutional Demand:
The intense inflows into spot Ethereum ETFs are increasing institutional interest in ETH. Billions of dollars in inflows have been observed through ETFs in just one week.
• Large Wallet Movements:
New and large wallets have been found to accumulate millions of dollars in ETH. At the same time, it is reported that some significant institutions are inclined to increase their Ethereum reserves.
• Off-Exchange Custody Trend:
The decrease in ETH reserves on exchanges indicates investors' tendency to hold their assets for the long term.

Technical View
• The ETH/USD pair quickly surpassed the $3,500 level.
• The $3,700 – $4,000 range represents significant resistance levels.
• Although technical indicators like RSI approach the overbought area, the overall momentum is supported.
• Breakouts above $4,000 in the medium term may signal a new upward trend.

Why is it important?

The fact that Ethereum's trading volume has surpassed that of Bitcoin indicates a significant transformation in the market. This situation:
• Institutional investors are also turning to Ethereum,
• The infrastructure and ecosystem role of Ethereum has strengthened,
• It shows that ETH can gain a decisive position as a pioneer of the altcoin season.

to summarize

The increasing transaction volume and institutional interest in Ethereum validate the fundamental forces behind its price. Although corrections may occur in the short term, these dynamics could further solidify Ethereum's position in the market in the medium and long term.