Altcoins News

Story: Ethereum Rally Loses Momentum as Spot and Perpetual Volumes Flatten on Binance

By Pankaj K

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Binance Ethereum Trading Enters Neutral Zone. According to CryptoQuant contributor Arab Chain, Ethereum’s trading activity on Binance during…

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Slowing Perpetual Volume Signals Reduced Speculation. Ethereum’s recent price surge—from $2,127 in mid-June to over $4,500—is showing signs of…

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Spot Market Shows Limited Strength. Alongside weaker perpetual activity, Ethereum’s spot market has also shown restrained engagement.

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Exchange Outflows and Institutional Demand Remain Bullish Signals. Despite the slowdown in trading activity, certain on-chain metrics point to underlying strength.

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What Traders Should Watch. Ethereum’s current neutral zone in spot and perpetual trading volumes suggests heightened caution…

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Potential for a Renewed Bullish Run. While trading volumes have flattened, Ethereum may be preparing for its next bullish phase.

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Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has seen an impressive rally over the past three months, rising nearly 80% from mid-June.

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According to CryptoQuant contributor Arab Chain, Ethereum’s trading activity on Binance during September 2025 shows a period of relative calm.

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The Z-score measures how far a data point deviates from its historical average in standard deviation units.

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This decline in perpetual trading volume represents a marked change from the June–August period, when leveraged positions frequently amplified price swings.

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The combination of flat spot and perpetual volumes reflects a broader market sentiment: investors appear to be waiting for clearer trends or catalysts before committing…

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Institutional demand for Ethereum also remains strong. Analysts highlight growing interest in ETH for staking, decentralized finance (DeFi) applications, and non-fungible token…

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Ethereum’s current neutral zone in spot and perpetual trading volumes suggests heightened caution is warranted. Traders should monitor several key indicators:

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Support Levels: ETH has immediate support near $4,350. A break below this zone could trigger short-term corrections.

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Exchange Outflows: Continued withdrawal of ETH from exchanges could signal accumulation and reduce sell-side pressure.

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