The meme coin market is watching the movements of major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH). While Ethereum's medium-term uptrend structure remains intact, short-term trading volume and money flows have weakened, leaving mixed signals for judging the overall direction of meme coins.

Ethereum Price: Flat Daily, Weekly and Monthly Gains Maintained

According to market data provided on the 26th, Ethereum is trading at around $2,689.55. It is down 0.08% for the current session, but has risen 2.95% over the past 7 days and 7.27% over the past 30 days. While the daily movement is essentially flat, the broader picture shows the recent recovery trend continuing.

Technical Structure: Medium-Term Uptrend vs. Short-Term Weakness

Ethereum's technical structure is also medium-term bullish. The current price is above the 25-day and 99-day moving averages, and the MACD remains in a golden cross state.

However, short-term momentum shows a divergence. Ethereum is trading below its 7-day moving average of $2,704.14, which is why the recent uptrend itself must be distinguished from short-term momentum.

Volume and Money Flow: Large-Order Net Outflow of 15,820 ETH

Trading volume is also a variable. On the day, Ethereum's volume stands at 0.04 times its recent 7-day average based on intraday data provided. While the day's trading is still in progress, participation has so far not expanded significantly.

Large-order flows showed a net outflow of approximately 15,820 ETH. Even though the price is moving above medium- and long-term moving averages, short-term money flows show buying pressure has not clearly gained the upper hand.

What This Means for the Meme Coin Market

Movements of major cryptocurrencies are a key variable when examining meme coins. Meme coins can see volatility expand sharply based on market attention, liquidity, and shifts in investor sentiment, rather than traditional valuation metrics such as earnings or cash flow.

A situation where Bitcoin and Ethereum maintain stable trends while overall market volume increases creates a different environment for meme coins than one where trading volume in major assets shrinks. In particular, in a phase like the current one—where Ethereum's medium-term trend holds but short-term volume is limited and large orders show net outflows—it is difficult to judge an expansion of market-wide risk appetite based on individual meme coin surges alone.

Checkpoints: 7-Day Moving Average Recovery, Volume, Bitcoin Support

What needs to be confirmed is the price stability of major cryptocurrencies and overall market participation. Whether Ethereum recovers its 7-day moving average near $2,704 alongside rising volume, and whether Bitcoin holds key support levels, are factors for gauging sentiment in the meme coin market.

Liquidity also matters for individual meme coins. Tokens with small trading volumes can move sharply on a small number of orders, and if holdings are concentrated in specific wallets or a small number of holders, volatility could expand rapidly during selling.

Conclusion: Neither a Trend Breakdown nor a Broad Rally Signal Yet

Ultimately, the market on the 26th shows that while major cryptocurrencies' trends have not broken down, volume and money flows are not strong enough to confirm a broad meme coin rally. With Ethereum's medium-term uptrend intact, the recovery of the 7-day moving average, changes in volume, and large-order flows can serve as key indicators for gauging the short-term mood of the meme coin market. At the same time, the liquidity and holding concentration of individual meme coins should be checked together.

[This article is an informational piece based on the market and chart data provided, and AI was used for some sentences and data organization. It does not guarantee the rise or fall of any specific cryptocurrency or recommend buying or selling. Meme coins can see price volatility expand sharply, and technical indicators and market prices may vary depending on the time point and exchange. Responsibility for losses from investment lies with the investor.]