On January 7, 2025, Bitcoin experienced a significant price surge, reaching $45,000 by 14:00 UTC, as reported by @ai_9684xtpa. This marked a 5% increase from the previous day's closing price of $42,857 at 23:59 UTC on January 6, 2025. Concurrently, Ethereum also saw a notable rise, hitting $2,300 at 14:00 UTC, up 4% from its previous close of $2,211 at 23:59 UTC on January 6, 2025 [@ai_9684xtpa].

The trading implications of these price movements were significant. Bitcoin's trading volume on major exchanges reached 22,000 BTC by 15:00 UTC, a 30% increase from the average daily volume of 17,000 BTC observed over the past week, as indicated by @ai_9684xtpa. Similarly, Ethereum's trading volume surged to 1.1 million ETH by 15:00 UTC, up 25% from the weekly average of 880,000 ETH [@ai_9684xtpa]. These volume spikes suggest strong market interest and potential for further price volatility.

Technical indicators for both assets showed overbought conditions. Bitcoin's Relative Strength Index (RSI) was at 78 by 14:00 UTC, while Ethereum's RSI reached 75 at the same time, according to @ai_9684xtpa. These levels indicate that both assets might be due for a pullback. Additionally, the market depth for Bitcoin showed a significant increase in buy orders at $44,000, suggesting potential support levels. For Ethereum, the market depth indicated strong buy orders at $2,250, as reported by @ai_9684xtpa. The on-chain metrics for Bitcoin showed a spike in active addresses to 1.2 million at 14:00 UTC, up from an average of 900,000 over the past week, signaling increased network activity [@ai_9684xtpa].