Ether Trading Volume Fell 23% During 71% Third-Quarter Rally

Ether (ETH) advanced 71% in the third quarter while its average daily trading volume dropped 23.2%, leaving a thinner trading backdrop for a rally that has since partly reversed. Daily volume averaged $11.5 billion, down from $15.0 billion in the second quarter. ETH finished Sept. 30 at $2,684. The gain, its strongest since the first quarter of 2021, ended three consecutive losing quarters. The volume decline adds a measure of trading activity to the earlier account of Ether’s rally .