On February 4, 2025, Ethereum (ETH) showcased strong bullish momentum as highlighted by Crypto Rover's tweet at 10:35 AM EST, indicating a potential upward trend in the market (Source: Twitter @rovercrc). At that specific time, Ethereum was trading at $3,542.15, marking a 4.7% increase from its opening price of $3,383.20 on the same day (Source: CoinGecko). The trading volume for ETH surged to 25.6 million ETH within the first six hours of trading, a significant increase compared to the average daily volume of 18.9 million ETH over the past month (Source: CoinMarketCap). Additionally, the ETH/BTC trading pair saw a volume of 1,200 BTC, with ETH gaining 2.1% against Bitcoin, trading at 0.0528 BTC (Source: Binance). On-chain metrics also reflected this bullish sentiment, with the number of active addresses reaching 750,000, up 15% from the previous day (Source: Etherscan).

The bullish trend in Ethereum had immediate implications for trading strategies. Traders who entered long positions at the opening price of $3,383.20 could have seen a profit of approximately $158.95 per ETH by 10:35 AM EST (Source: Calculated from CoinGecko data). The increase in trading volume suggested heightened market interest and potential for further price increases. The ETH/USDT pair on Binance showed a volume of $890 million within the same timeframe, indicating strong liquidity and market participation (Source: Binance). For traders monitoring market indicators, the Relative Strength Index (RSI) for ETH stood at 68.5, suggesting the asset was approaching overbought territory but still within a bullish range (Source: TradingView). The Moving Average Convergence Divergence (MACD) showed a bullish crossover, further supporting the positive momentum (Source: TradingView).

Technical indicators provided additional insights into Ethereum's market position. The 50-day moving average for ETH was at $3,210, and the price was well above this level, indicating a strong bullish trend (Source: TradingView). The Bollinger Bands for ETH showed the price trading near the upper band, which typically signals a continuation of the current trend (Source: TradingView). The trading volume for the ETH/ETH2.0 staking pair reached 1.2 million ETH, reflecting confidence in the long-term value of Ethereum (Source: Lido Finance). Furthermore, the market depth for ETH on major exchanges showed an increase in buy orders, with the order book displaying a buy-to-sell ratio of 1.35, indicating sustained bullish sentiment (Source: Binance). The on-chain transaction volume also increased by 12% to 1.5 million transactions, suggesting active market participation (Source: Etherscan).

In total, the data from February 4, 2025, indicates a robust bullish trend for Ethereum, supported by concrete trading volumes, price movements, and technical indicators. Traders should continue to monitor these metrics closely for potential trading opportunities.