Ethereum Net Taker Volume Rises To Most Positive Level Since 2023 – Bullish Reversal Soon?

The price of Ethereum has been hovering around $2,000 for nearly a month, with the technical structure showing no clear path to recovery. According to the latest on-chain data, the “King of Altcoin” is witnessing a rare signal that could mean that it is at the beginning of a positive trend. ETH Net Taker Volume Suggests Potential Bullish Price Trend In an April 4 post on the social media platform, pseudonymous market analyst Darkfost revealed that the Ethereum derivatives market is experiencing a regime shift for the first time since the last bear phase. This market outlook revolves around the change in the Net Taker Volume metric in recent weeks. Related Reading: Chainlink Price Lags Under $9: Large Binance Inflows Suggest Further Sell-Side Pressure The Net Taker Volume metric is an on-chain indicator that tracks the difference between the buying and selling volume of market orders in the derivatives market of a particular cryptocurrency (Ethereum, in this case). The metri