📍Ethereum pauses – Is a big upward wave still ahead?

📌 NUPL approaches the 'confidence' zone

Ethereum's NUPL indicator is nearing the level of 0.5 – a threshold that has previously marked the transition from optimism to confidence in the market. In past cycles, this is the area where ETH prices often pause, accumulate, and then break out. However, a higher NUPL also means many investors are 'sitting on unrealized profits' – which can easily lead to selling pressure if the market fluctuates.

📌 Trading volume surges – a warning signal for a peak or quiet accumulation? $ETH

ETH is witnessing a significant surge in trading volume at price peaks – a pattern that has repeated in May and earlier. In the past, such 'volume spikes' have often been accompanied by short-term corrections. However, if volume gradually decreases over the next few days while prices remain stable, it could indicate a quiet accumulation phase before a subsequent increase.