This post examines ETH/USD price and volume movement from Jan-01 to Feb-25.
2021 began with a rapid, low-volume drive from 750 USD up to 1250 USD, followed by a large volume of selling around 1250 USD in the second week of January.
Throughout the remainder of January, ETH/USD oscillated to consolidate around 1300 USD. There were relatively high-volume movements up and down the chart.
February started with a rapid jump to 1500 USD, which was confirmed by a substantial volume entering the market even after reaching 1500 USD.
The week of February saw even more large-volume movement, which pushed ETH/USD up to 1750 USD.
After some lower-volume disagreement, ETH/USD topped out around 2000 USD before a low-volume crash back to 1650 USD.
Finally, we see very high volume around 1650 USD, suggesting lots of ETH is changing hands at this price.
How to read this plot
This plot depicts the movement of ETH quoted in USD, for the year 2021 to date.
The width of the line is proportional to the volume traded during that period. Similarly, lighter colors correspond to higher volume.
The peaks and troughs have been identified. Peaks were connected to form channels containing most of the price action.
