Ethereum could begin a rally if trading volume increases amid bullish expectations

Ethereum's price often takes a downward shift after FTX and Alameda sell ETH. Traders expect a price rise in ETH following reduced long liquidations and normalizing risk reversals. Ethereum needs increased tradingvolume to break past key resistance levels. Ethereum has continued showing signs of a potential rally on Tuesday as most coins in the crypto market are also posting gains. This comes amid speculation of a potential decline following FTX ETH sales and normalizing ETH risk reversals.

But it must first move past the $3,279 resistance to confirm. Also read:Ethereum shows firm support at key level as its correlation with US indices increase However, declining trading volume amid the price increase is a concern. While bulls appear to have taken the wheels again, the reduced trading volume indicates low commitment and uncertainty. ETH could quickly push forward to break past the $3,300 key level if increased volume accompanies the rising bullish sentiment.

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