Ethereum Just Saw Its Strongest Buy Pressure Since The 2022 Bear Market

Ethereum has posted its strongest buy-side pressur

Ethereum Just Saw Its Strongest Buy Pressure Since The 2022 Bear Market

Ethereum Just Saw Its Strongest Buy Pressure Since The 2022 Bear Market

Ethereum has posted its strongest buy-side pressure on derivatives markets since the 2022 bear market, according to CryptoQuant analyst Darkfost, a shift that could matter after months of persistent sell-side dominance across this cycle. The change does not, on its own, confirm a full trend reversal. But it does mark a notable break from the pattern that has weighed on ETH during key upside attempts.

ETH Net Taker Volume | Source: X @Darkfost_Coc
ETH must break the 0.382 Fib, 1-month chart | Source: ETHUSDT on TradingView.com

Featured image created with DALL.E, chart from TradingView.com

About Author

Leave a Reply

Your email address will not be published. Required fields are marked *

Please enter CoinGecko Free Api Key to get this plugin works.