Ethereum and major altcoins are showing signs of a bearish exhaustion pattern, as they print their first confirmed Daily Average Trader (DAT) top in three months. Based on the data provided in the document, this trend is accompanied by a significant drop in trading volume, raising questions about the market's future direction.
Ethereum's Trading Volume Decline
As of November 19, 2025, Ethereum's trading volume has plummeted to levels not seen since August 2025, with the price stabilizing around $2,380. Veteran chartist AltcoinSherpa pointed out that the Extreme Fear Index has remained at a low of 15 for nine consecutive days, which historically aligns with potential reversal zones in the market.
Potential for a Relief Rally
Despite the current atmosphere of despair, the confirmation of DAT tops and the evaporation of trading volume could signal a forthcoming relief rally. Traders and investors are closely monitoring these developments as they may indicate a shift in market sentiment and the potential for upward price movement in the near future.
As Ethereum shows signs of bearish exhaustion, Avalanche is currently in a compression phase, indicating a potential breakout. For more details, see the full analysis on this developing situation here.
