The price dynamics are ETH are enough to keep investors on their toes. During the Crypto Rover Tweet, ETH traded at $2,850, dropping from the peak of $4,200 in March 2025.
But why is this endorsement circulating so much? Notably, it comes at a time when there is high volatility in the crypto market. Most importantly, ETH has faced a strong decline of 32% from the recent standings.
What’s The Trigger Behind the Claim?
Firstly, the market moved abruptly on Tuesday. The ETH trading volumes on important exchanges rose to 1.2 million ETH on the 15th. It is the biggest indicator of a spike in trading activities.
Moreover, the on-chain data suggests that the number of active ETH accounts increased by 15% in a matter of 7 days. It also suggests a growth in network activities. However, the most important factor that played here is a bullish splurge that may go ETH’s way.
Implications of the Crypto Rover Tweet
The tweet can impact market sentiments in numerous ways. It may also set in a new buying frennxy among the investors. As we know, the trading volume spiked as soon as the tweet was released.
Within 1 hour of the tweet, 30,0000 ETHs were traded. At the same time, the ETH/BTC trading pair witnessed a rise in trading volume too. Shockingly, 2500 BTCs were traded against ETH within the same span.
From a Technical Perspective…….
The technical analysis reveals that the ETH price has been consolidated around $2800 since April. The RSI is 45, which suggests a neutral stance in the market.
So, it is only natural that a genuine trigger could boost the trading volume. Notably, there were no negative market sentiments around the coin. It would be interesting to see how far the effect goes?
