Ethereum Flips Key Resistance, ETF Demand Returns, Analysts Eye Next Leg Higher
Ethereum is flashing a combination of technical and on-chain signals that analysts say could be the
ETH: NetTakerVolume. Source: @Darkfost_Coc On X
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The last time Ethereum recorded buying pressure of this magnitude on derivatives markets was during the bear market of 2022, when ETH was trading around $1,000. If this trend manages to persist and buyers continue to absorb selling pressure, then it could indicate the early stages of a stronger structural recovery for Ethereum.
Featured image from Unsplash, chart from TradingView
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