This is the second time in December that Ethereum bulls have prevented bears from updating lows on the daily chart.
Rising lows are a classic rally signal, supported by the cumulative volume delta (CVD) indicator. This indicator exceeded $200 million on the Binance exchange, suggesting that buyers have a strong grip on the market.
To confirm the trend, however, ETH quotes need to rise above $3,000 — more than 10% above current levels. However, since 15 December, a large number of coins have been transferred to the Binance exchange. Notably, the volume of daily replenishments reached almost $500 million before the weekend of 17 and 18 December.
