ETH Net Taker Volume Shifts From Bears To Bulls: Will Traders Buy The Dip?
ETH's Net Taker Volume turned positive for the first time since 2023, signaling a potential shift from seller dominance to renewed buying interest.Summary
Ethereum's Net Taker Volume has registered a significant positive imbalance of approximately $390 million since January 6th, marking the strongest buy-side dominance recorded since January 2023. This metric tracks whether traders are aggressively buying at market prices (takers) or selling into bids, and a sustained positive reading suggests conviction among long-term futures traders, historically aligning with market bottoms or the start of uptrends. This shift follows nearly three years of persistent sell-side pressure. Despite this positive futures data, the cumulative volume delta (CVD) remains negative, indicating short-term selling pressure and profit-taking. However, larger participants appear to be absorbing this selling, keeping ETH stable above the critical $3,000 support level. Technically, ETH is consolidating between $3,050 and $3,140, and the broader uptrend remains intact as long as the price holds above $3,000.
(Source：Cointelegraph)