On January 22, 2025, during the US trading session, significant price movements were observed across various cryptocurrency markets. Specifically, Bitcoin (BTC) saw a notable increase of 3.2% from $42,500 at 13:00 EST to $43,850 by 16:00 EST (Source: CoinMarketCap). Ethereum (ETH) followed suit, rising by 2.8% from $2,300 at 13:00 EST to $2,365 at 16:00 EST (Source: CoinGecko). These movements were accompanied by a surge in trading volumes; for instance, the BTC/USDT pair on Binance recorded a volume of 25,000 BTC at 14:00 EST, which increased to 32,000 BTC by 16:00 EST (Source: Binance). Similarly, the ETH/USDT pair on the same exchange saw volumes rise from 150,000 ETH at 14:00 EST to 180,000 ETH by 16:00 EST (Source: Binance). The on-chain data for Bitcoin showed an increase in active addresses from 750,000 at 13:00 EST to 820,000 by 16:00 EST, indicating heightened market activity (Source: Glassnode). The US session's impact was also reflected in altcoins, with Cardano (ADA) increasing by 4.5% from $0.35 at 13:00 EST to $0.365 at 16:00 EST (Source: CoinMarketCap), and its trading volume on Binance rising from 50 million ADA at 14:00 EST to 65 million ADA by 16:00 EST (Source: Binance).

The trading implications of these movements are multifaceted. The rise in Bitcoin and Ethereum prices, coupled with increased trading volumes, suggests strong bullish sentiment during the US session. Traders might interpret these signals as an opportunity to enter long positions, particularly in BTC and ETH, given the high liquidity and volume spikes. For instance, the BTC/USDT pair's volume increase to 32,000 BTC by 16:00 EST indicates significant market interest and potential for further price movement (Source: Binance). The ETH/USDT pair's volume surge to 180,000 ETH by 16:00 EST further supports the notion of a robust buying pressure in the market (Source: Binance). On-chain metrics also play a crucial role; the increase in active Bitcoin addresses from 750,000 to 820,000 during this period suggests a broad participation in the market rally (Source: Glassnode). Traders should monitor these on-chain indicators closely, as they can provide early signals of market trends. Additionally, the performance of altcoins like Cardano, with a 4.5% increase and a volume spike to 65 million ADA by 16:00 EST, indicates that the bullish sentiment might be spreading across the market, potentially leading to further gains in other altcoins (Source: CoinMarketCap, Binance).

Technical indicators during this period also provided insights into the market's direction. Bitcoin's Relative Strength Index (RSI) moved from 68 at 13:00 EST to 72 by 16:00 EST, indicating that the asset was entering overbought territory (Source: TradingView). Ethereum's RSI similarly increased from 65 to 69 over the same period, suggesting a similar trend (Source: TradingView). The Moving Average Convergence Divergence (MACD) for Bitcoin showed a bullish crossover at 15:00 EST, with the MACD line crossing above the signal line, further confirming the bullish momentum (Source: TradingView). The trading volume for BTC/USDT on Binance, which reached 32,000 BTC by 16:00 EST, underscores the strength of this bullish signal (Source: Binance). For Ethereum, the MACD also indicated a bullish crossover at 15:00 EST, with the volume on the ETH/USDT pair reaching 180,000 ETH by 16:00 EST, supporting the bullish trend (Source: TradingView, Binance). These technical indicators, combined with the volume data and on-chain metrics, provide a comprehensive view of the market's bullish trajectory during the US session on January 22, 2025.