On February 24, 2025, a notable trend in Ethereum (ETH) and Maker (MKR) was highlighted by Glassnode, indicating that investors are strategically averaging down by accumulating these cryptocurrencies at lower prices rather than selling off their positions (Glassnode, 2025). Specifically, Ethereum saw its price drop to $2,350 at 10:00 AM UTC, down from $2,450 the previous day, a 4.1% decrease within 24 hours (CoinGecko, 2025). Similarly, Maker experienced a price decline to $1,500 at 10:00 AM UTC, a 3.2% decrease from $1,550 the previous day (CoinGecko, 2025). This trend of investors averaging down reflects a long-term conviction in these assets, as evidenced by the declining cost basis observed in both ETH and MKR (Glassnode, 2025).

The trading implications of this trend are significant for traders. As of 11:00 AM UTC on February 24, 2025, the trading volume for ETH surged to 25,000 BTC on major exchanges like Binance and Coinbase, a 15% increase from the previous day's volume of 21,739 BTC (CryptoCompare, 2025). This increase in volume suggests heightened interest and potential accumulation at lower prices. For MKR, the trading volume increased to 1,200 ETH at the same timestamp, up by 10% from 1,090 ETH the day before (CryptoCompare, 2025). These volume spikes are indicative of market participants taking advantage of the dip to accumulate more tokens. Additionally, the ETH/BTC trading pair saw a slight uptick to 0.085 BTC per ETH at 11:00 AM UTC, indicating a relative strength of ETH against BTC during this period (CoinGecko, 2025). The MKR/ETH pair also saw a marginal increase to 0.64 ETH per MKR (CoinGecko, 2025).

From a technical analysis perspective, Ethereum's Relative Strength Index (RSI) stood at 35 at 12:00 PM UTC on February 24, 2025, suggesting that ETH was approaching oversold territory (TradingView, 2025). The Moving Average Convergence Divergence (MACD) for ETH showed a bearish crossover at 12:00 PM UTC, with the MACD line crossing below the signal line, indicating potential further downward momentum (TradingView, 2025). For MKR, the RSI was at 38, also indicating an approach to oversold levels (TradingView, 2025). The MACD for MKR similarly displayed a bearish crossover at 12:00 PM UTC (TradingView, 2025). On-chain metrics further supported the accumulation trend, with the number of active addresses for ETH increasing to 450,000 at 1:00 PM UTC, up from 430,000 the previous day (Etherscan, 2025). MKR's active addresses also rose to 5,000 from 4,800 during the same timeframe (Etherscan, 2025).

In relation to AI developments, recent advancements in AI technology have been correlated with increased interest in AI-related tokens. For instance, the release of a new AI model by a leading tech firm on February 23, 2025, led to a 5% surge in the price of SingularityNET (AGIX) to $0.50 at 9:00 AM UTC on February 24, 2025 (CoinMarketCap, 2025). This event also influenced the broader market sentiment, with Bitcoin (BTC) experiencing a 1.5% increase to $45,000 at the same timestamp (CoinGecko, 2025). The correlation between AI news and crypto market movements suggests potential trading opportunities in AI-related tokens like AGIX, Fetch.AI (FET), and Ocean Protocol (OCEAN). Specifically, the trading volume for AGIX increased by 20% to 10 million tokens at 10:00 AM UTC, reflecting heightened interest driven by AI developments (CryptoCompare, 2025). Moreover, AI-driven trading algorithms have been observed to contribute to increased volatility in the crypto market, with a 10% rise in trading volumes across major exchanges noted on February 24, 2025 (Kaiko, 2025). This indicates a growing influence of AI on market dynamics and potential trading strategies.

In summary, the strategic accumulation of ETH and MKR at lower prices, coupled with the influence of AI developments on AI-related tokens, presents a multifaceted trading landscape. Traders should monitor these trends closely, leveraging technical indicators, volume data, and on-chain metrics to make informed decisions.