VOLUME: ETH Spot Trading Volume

Last Full Day

$606.7M

0.93× · below 20d avg

20-Day Average

$639.9M

90-Day High

$1.79B

What is crypto spot trading volume?

Spot trading volume is the total dollar value of an asset bought and sold on a spot exchange over a given period, expressed in quote-asset terms — for example USD turnover on a BTC/USDT pair — rather than the number of coins traded, because a coin count is not comparable across assets with very different prices. It measures how much capital actually changed hands, distinct from open interest, which measures how many derivatives positions remain outstanding.

How is the daily volume and its 20-day average calculated?

The figure is the daily quote-asset (USD) volume reported in Binance's spot klines for the BTC/USDT, ETH/USDT, or SOL/USDT pair, read over a trailing 365-day window. The 20-day average is a simple arithmetic mean of the most recent 20 daily volume readings, and each day is marked up or down based on whether that day's closing price finished at or above its opening price.

Does a volume spike or a reading above the 20-day average predict which way price will move?

No. Volume measures participation, not direction — it confirms that more capital changed hands over a period, but the same elevated reading can just as easily accompany a continuation of the existing trend as a sharp reversal. It is descriptive market information, not a forecast, and should not be used on its own as a reason to enter or exit a position.

What are the limits of a single-exchange spot volume chart?

This reads volume from one reference exchange (Binance) rather than aggregating every venue where an asset trades, and it covers only BTC, ETH, and SOL. It also reports spot activity only — perpetual and futures trading volume, which on many assets exceeds spot volume, is not included, so total market turnover for an asset is understated relative to a figure that combines every product type.