$GWEI
GWEI (ETHGas) is showing strong bullish momentum in the short term, currently trading around $0.03975, marking an impressive +45% intraday move. This rally indicates increased speculative interest and strong buying pressure.
The project holds a market capitalization of $69.57M, while the Fully Diluted Valuation (FDV) stands at $397.52M, suggesting significant future supply expansion that traders should monitor carefully.
On-chain liquidity is relatively healthy at $1.73M, supporting smoother price action despite volatility. The number of on-chain holders (1,465) is still modest, which implies the asset is in an early adoption phase with high risk–reward dynamics.
From a technical perspective, price action is currently trading above the short-term moving averages, confirming bullish structure. However, repeated rejections near the $0.040–$0.041 resistance zone show sellers becoming active at higher levels.
If volume sustains and price successfully flips $0.040 into support, the next upside continuation could follow. On the downside, failure to hold $0.039 may trigger a short-term pullback toward previous demand zones.
Overall, GWEI remains a high-volatility, momentum-driven asset, suitable for experienced traders who actively manage risk.