Source: CoinTribune
Original Title: Rare Signal Hints At Ethereum Trend Reversal
Original Link: https://www.cointribune.com/en/rare-signal-hints-at-ethereum-trend-reversal/
After three years under the yoke of sellers, Ethereum finally sends an unexpected signal. The “net taker volume” turns green again for the first time since January 2023, revealing a possible trend reversal. This sudden change in trader behavior on futures contracts intrigues analysts. Should we see it as the beginnings of a bullish recovery for the second largest crypto in the market?
In brief
A rarely observed indicator, net taker volume, turns positive again on Ethereum, a first since January 2023.
This signal reflects aggressive buying pressure on derivative markets, after three years of seller domination.
The imbalance reaches about 390 million dollars, suggesting renewed institutional interest in ETH.
Ethereum price oscillates around a strategic control zone between $3,050 and $3,140, with critical support at $3,000.
Buyers Take the Initiative on Derivative Markets
On January 6, a rarely seen signal since 2021 emerged on Ethereum futures markets: net taker volume is positive again, showing an imbalance of about 390 million dollars.
Such a value marks an unprecedented peak since January 2023. It indicates that buyers are taking the lead, after a long period where sellers dominated the market dynamics.
Here are the main elements that make this reversal notable:
Net taker volume measures the gap between market buy orders (aggressive) and sell orders, reflecting traders’ directional appetite on derivatives;
Since 2021, Ethereum has evolved under prolonged seller dominance on these markets, making this behavior change particularly significant;
The magnitude of the observed imbalance, 390 million dollars, reflects a return of bullish conviction among some institutional players;
Previous net taker volume reversals have often been followed by periods of stabilization or prolonged recoveries of the ETH price.
This development marks a break in operator behavior on derivative products, until now dominated by a cautious stance. Market attention now turns to Ethereum’s ability to confirm this momentum with sustained movements on the spot market.
A Strategic Positioning Around the $3,100 Control Zone
Beyond the derived signal, other data enrich the technical analysis around Ethereum. The token price oscillates around a high activity zone located between $3,050 and $3,140, identified as the Value Area High on volume profile tools.
Indeed, this zone currently concentrates traders’ interest and represents a technical control threshold on which the market could build its next impulse. Defending the $3,000 support is also essential.
At the same time, liquidation data reveal a significant concentration of long positions around $3,100, with about $540 million of liquidity positioned.
On the other side, nearly $500 million are situated below the $3,000 support, indicating that the market is technically balanced between short-term bullish and bearish pressures. The current structure suggests that any sharp price movement could trigger liquidation cascades, amplifying volatility in both directions.
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Rare Signal Hints At Ethereum Trend Reversal
Source: CoinTribune Original Title: Rare Signal Hints At Ethereum Trend Reversal Original Link: https://www.cointribune.com/en/rare-signal-hints-at-ethereum-trend-reversal/ After three years under the yoke of sellers, Ethereum finally sends an unexpected signal. The “net taker volume” turns green again for the first time since January 2023, revealing a possible trend reversal. This sudden change in trader behavior on futures contracts intrigues analysts. Should we see it as the beginnings of a bullish recovery for the second largest crypto in the market?
In brief
Buyers Take the Initiative on Derivative Markets
On January 6, a rarely seen signal since 2021 emerged on Ethereum futures markets: net taker volume is positive again, showing an imbalance of about 390 million dollars.
Such a value marks an unprecedented peak since January 2023. It indicates that buyers are taking the lead, after a long period where sellers dominated the market dynamics.
Here are the main elements that make this reversal notable:
This development marks a break in operator behavior on derivative products, until now dominated by a cautious stance. Market attention now turns to Ethereum’s ability to confirm this momentum with sustained movements on the spot market.
A Strategic Positioning Around the $3,100 Control Zone
Beyond the derived signal, other data enrich the technical analysis around Ethereum. The token price oscillates around a high activity zone located between $3,050 and $3,140, identified as the Value Area High on volume profile tools.
Indeed, this zone currently concentrates traders’ interest and represents a technical control threshold on which the market could build its next impulse. Defending the $3,000 support is also essential.
At the same time, liquidation data reveal a significant concentration of long positions around $3,100, with about $540 million of liquidity positioned.
On the other side, nearly $500 million are situated below the $3,000 support, indicating that the market is technically balanced between short-term bullish and bearish pressures. The current structure suggests that any sharp price movement could trigger liquidation cascades, amplifying volatility in both directions.