The aunt has already surpassed last month's peak this morning, just a step away from the 4000 mark.
However, the volume-price signals remind us not to be too optimistic.
The trading volume since August 3 has been significantly lower than the trading volume in July, indicating a clear weakening of demand.
Today, after breaking through the July 28 high, it quickly retreated, further confirming the weakening upward momentum.
The weakening demand reduces the probability of Ethereum continuing to rise.
There are mainly two possible trends for Ethereum moving forward:
1. The aunt continues to rise and breaks through 4000, with a chance of reaching above 4200.
2. The aunt has already reached a temporary peak, and will decline next, with a certain possibility of forming a double top.
From the volume-price signals, the second point is more likely to occur.
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