COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Ethereum Outpaces Bitcoin in Transaction Volume Surge
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Ethereum (ETH) > Ethereum Outpaces Bitcoin in Transaction Volume Surge
Ethereum (ETH)

Ethereum Outpaces Bitcoin in Transaction Volume Surge

In Brief

  • Ethereum surpasses Bitcoin with $59.21 billion derivative transaction volume.

  • Ethereum's surge suggests a potential altcoin rally, challenging Bitcoin dominance.

  • Technical analysis emphasizes layered support and potential psychological price levels.

Ömer Ergin
Ömer Ergin 5 days ago
Share
SHARE

Ethereum $3,012 has remarkably surpassed Bitcoin $120,032 in derivative transaction volume, reaching $59.21 billion in the last 24 hours against Bitcoin’s $56.33 billion. This shift reflects a crucial milestone, indicating Ethereum’s growing dominance in crypto derivative exchanges. The boost coincided with Ethereum’s price recovery since mid-June downturns, prompting investors to reassess their positions in the spot market.

Contents
Ethereum’s Leadership Signals Potential Altcoin RallyTechnical Analysis of Ethereum

Ethereum’s Leadership Signals Potential Altcoin Rally

According to CoinGlass data, open positions in Ethereum rose by 7.63% within a day, affirming a focus on upward leverage. As liquidity deepens, buying demand is intensifying on order books, while the number of contracts in futures markets has reached a seven-day high.

As Ethereum leads, the Altcoin Season Index from Blockchaincenter has dropped to 24, indicating historic lows. During such downturns or near-bottom phases, altcoins often gain momentum within weeks.

Though the current outlook suggests a “Bitcoin Season”, Ethereum’s volume supremacy hints at the impending onset of an altcoin rally. The market is closely monitoring whether Ethereum can solidify its $2,800 resistance level as a stable support. Achieving this could potentially inaugurate the anticipated altcoin season.

For a lasting market transformation, transaction volumes must also reflect on the spot market. Movements purely driven by leverage may decelerate momentum quickly. Sellers anticipating corrections are in short-term liquidity pursuits.

Technical Analysis of Ethereum

On the daily chart, Ethereum’s price aligns below the 50, 100, and 200-day moving averages, offering layered support. The Relative Strength Index (RSI) stands at 57, away from oversold territory. This structure furnishes buyers with a conducive ground for new attempts without losing momentum, as prices bounce back swiftly when dipping below these moving averages.

Stuck between $2,600 and $2,700, previous attempts at breaching above $2,800 were short-lived. Breaking this resistance could introduce the psychological threshold of $3,000. In a bullish scenario, the next resistance may appear around $3,200, whereas in a bearish scenario, prices could retract to the $2,400–$2,500 range. Volume sustainability will be crucial in confirming Ethereum’s directional move.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Ethereum Strides Ahead with Vision for a New Internet Backbone

Investors Flock to Ethereum ETFs Experiencing Unprecedented Inflows

Ethereum Empowers Its Future by Implementing Zero-Knowledge Technology

Ethereum Foundation Executes Transparent Strategy in Significant ETH Sale

Robinhood Empowers Users with New Staking Features

Ömer Ergin 9 July, 2025 - 3:18 pm 9 July, 2025 - 3:18 pm
Share This Article
Facebook Twitter
Share
Previous Article RLUSD Soars with Rapid Growth, Surpassing $500 Million in Circulation
Next Article DOGE and BONK Capture Market Attention with Contrasting Price Moves
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Bitcoin Climbs Beyond $120,000 as Congress Tackles Three Cryptocurrency Bills
Cryptocurrency Law
The US Economy Embraces Crypto: A New Era Begins
Cryptocurrency News
The New Heights of Bitcoin Surge Intrigue Enthusiasts
Cryptocurrency News
Bitcoin Surges Towards New Heights in a Short Timeframe
Technical Analysis
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?