Ethereum’s price has stayed around $2,000 for almost a month, and its technical indicators haven’t shown a clear sign of increasing. However, recent data suggests a potentially positive shift for the cryptocurrency, nicknamed the ‘King of Altcoins’.
ETH Net Taker Volume Suggests Potential Bullish Price Trend
On April 4th, a market analyst known as Darkfost shared on social media that the Ethereum derivatives market is changing significantly, something not seen since the last major downturn. This assessment is based on recent shifts in a metric called Net Taker Volume.
The Net Taker Volume metric measures the difference between how much people are buying and selling on the cryptocurrency derivatives market (specifically for Ethereum). It helps traders understand if there’s more pressure to buy or sell at any given moment.
A positive Net Taker Volume means more people are buying than selling. Conversely, a negative value shows that sellers dominate the Ethereum derivatives market.
Data from CryptoQuant, as pointed out by Darkfost, shows that buyers are currently more active than sellers in the Ethereum derivatives market. There’s a difference of over $104 million favoring buyers, which hasn’t happened in three years.
Despite reaching record highs, Ethereum was facing significant selling. However, things may be starting to look up for the cryptocurrency, which is the second largest by value.
According to Darkfost, the current strong demand for Ethereum could help establish a solid price floor and possibly kickstart a new upward trend. The analyst believes that if buying continues, especially in the regular market and through ETFs, Ethereum has the potential to regain positive momentum.
Ethereum ETFs Record Negative Outflow For Third Consecutive Week
Ethereum exchange-traded funds (ETFs) in the US experienced another week of losses. Recent market data shows investors pulled out over $42.15 million from these ETFs during the past week.
As a crypto investor, I noticed a pretty significant outflow of funds from crypto investment products on April 3rd – over $71 million actually left the market. This really shows that demand is dropping off right now. I think for prices, especially Ethereum, to bounce back and stay up, we *need* to see money starting to flow *into* these ETFs, not out.
Currently, Ethereum (ETH) is trading at approximately $2,058, which is a 0.6% increase over the last day.
Read More
- Gold Rate Forecast
- Silver Rate Forecast
- XRP’s Dramatic Ascent! 🚀
- Nevada Slaps Kalshi with 14-Day TRO-Prediction Markets in Jeopardy!
- Bitcoin’s Blue-Collar Holders Hit Pause-Are They Bored or Just Lazy? 🤔💸
- 🤑 Crypto ATM Scams: Will Senators Save Grandma’s Fortune? 🕵️♂️
- Crypto Whales Rise from the Dead! 🐋💸
- Shocking News: Kraken’s $500M Quest for IPO Glory! 🚀💰
- Dogecoin’s Crypto Comedy: A Meme Coin’s Misadventures
- ETHFI Surges 20% After Upbit Listing – But Why?
2026-04-05 17:29