Ethereum Jumps 18% As Spot Volume Surges Across Exchanges

Ethereum surged 18% intraday as spot trading volume jumped sharply across major global exchanges, putting ETH back at the center of the market’s risk-on move.
Market data showed ETH trading near the $2,500 level during the rally, with spot volume reportedly rising about 400% compared with the prior 24-hour average.
That is a major move, but it needs a careful read.
A sudden volume spike can reflect strong demand, but it can also include forced positioning, short covering, momentum chasing,