Ethereum On-Balance Volume Surges Above 12 Million, Signals Renewed Upside Momentum

Ethereum’s on-balance volume (OBV) has surged to an impressive 12.75 million units, indicating a significant shift in buying activity and signaling potential for further upward price movement. This breakout follows weeks of consolidation, coinciding with the coin’s climb above $4,300. Analysts are optimistic about this signal of renewed momentum, attributing it to both growing DeFi applications and increasing institutional interest.