Ethereum's spot trading volume has experienced a notable decline, prompting analysts to predict potential price stabilization rather than an ongoing bearish trend. Some, including figures from CryptoQuant and Crypto Rover, believe the reduced volume could signal that sellers are becoming exhausted, positioning Ethereum (ETH) for a possible rebound toward $2,600.
Institutional flows show a shift, with nearly $50 million exiting Ethereum ETFs, indicating decreased institutional interest in the short term. Despite these outflows, community debates highlight that many view Ethereum as “criminally undervalued,” and funding events like a $6.5 million raise by Mutuum Finance underscore continued activity in the ecosystem.
Historically, such volume drops have been precursors to stabilization and price recovery within the Ethereum market. Analysts suggest these trends may set the stage for a constructive phase if supported by favorable on-chain metrics or macroeconomic developments, potentially leading to a price recovery in the near term.