When the SEC imposed sanctions on centralized exchanges, the volume of trade on DEXes reached its peak accompanied by a surge in ETH's price.
Traders showed optimistic behavior and Call options began to rise.market has exhibited considerable volatility in recent months, leaving traders grappling with the task of accurately assessing its price trajectory. This challenge was further compounded by the ongoing developments and new upgrades underway within the Ethereum network.
However, after that, there was a consistent fall in DEX volumes. This decline in DEX volumes could be considered as a bearish signal. However, while there was a correlation between the volume of trade on DEXes and the price of ETH, it does not necessarily imply a direct causation. The price of ETH would be subject to other factors that will play a role in deciding ETH’s future.Despite these factors, traders are still positive towards ETH.
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