ETH On-Chain Turnover Data Overview (January 8 to 9, 8:00 AM)



In the past 24 hours, the total on-chain turnover of ETH approached 700,000 coins—compared to 880,000 coins at 8:00 AM on the 7th, activity has indeed declined. This indicates that market trading enthusiasm is gradually cooling down.

What’s more noteworthy is the change in chip distribution. The massive volume bar that once formed at the $2,772 price level is now slowly being depleted. Although the chips in the $2,520-$2,970 range show signs of shifting to the right, the depletion rate is not as fast as expected.

In this situation, on-chain sentiment appears somewhat stagnant—trading volume shrinks, and while chip distribution has changed, the momentum is insufficient. For holders, this period requires more observation than active trading.
ETH-0.07%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
RugDocDetectivevip
· 11h ago
This shrinking market volume really can't hold up anymore; it seems like everyone is waiting for the next big trend.
View OriginalReply0
GweiWatchervip
· 01-09 13:05
Trading volume suddenly drops; this wave really isn't as hot anymore.
View OriginalReply0
Tokenomics911vip
· 01-09 13:00
700,000 tokens have dropped, this pace is a bit loose.
View OriginalReply0
OnlyOnMainnetvip
· 01-09 12:51
It's starting to decline again. Compared to 880,000, 700,000 tokens feel a bit weak in momentum.
View OriginalReply0
GweiTooHighvip
· 01-09 12:37
Cooling down is just cooling down, anyway no one dares to make a move.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)