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 &#8220;King of Altcoin&#8221; 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 metric is 
used to evaluate whether buying or selling pressure is the prevalent force in 
the market at a given time. When the value of the Net Taker Volume metric 
rises and turns positive, it indicates that buying volume is more significant 
than the selling volume. On the flip side, a negative value suggests that 
sellers are overwhelming the buyers in the Ethereum derivatives market. 
According to CryptoQuant data highlighted by Darkfost, volume from buyers 
appears to be prevailing in the Ethereum derivatives market, with a positive 
difference of over $104 million. This shift of the metric into the positive 
territory is happening for the first time in the past three years. The crypto 
analyst noted that the price of Ethereum was under intense selling pressure 
even as it climbed to new all-time highs. However, the market regime seems to 
be changing for the second-largest cryptocurrency by market capitalization. 
Darkfost mentioned that the positive buying pressure being experienced by 
Ethereum could contribute significantly to the formation of a strong bottom 
and potentially a foundation for a bullish market structure. &#8220;If this dynamic 
persists and the spot market and ETFs begin to support the move, Ethereum 
could potentially restart a positive trend,&#8221; the analyst concluded. Ethereum 
ETFs Record Negative Outflow For Third Consecutive Week The US-based Ethereum 
exchange-traded funds (ETFs) posted another period of negative performance 
over the past week. According to the latest market data, the spot Ethereum 
ETFs saw over $42.15 million withdrawn over the past week. Notably, the 
crypto-linked investment products saw a total net outflow of more than $71.12 
million on Thursday, April 3, reflecting the waning investor demand and 
appetite. As earlier inferred, the direction of the ETH ETFs&#8217; capital flow 
needs to change if the price is to enjoy a sustained recovery. As of this 
writing, the price of ETH stands at around $2,058, reflecting a 0.6% leap in 
the past 24 hours. Related Reading: Ethereum Foundation Nears 70,000 Staked 
ETH Target — Details Featured image from iStock, chart from TradingView

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

Rising odds of U.S. military action in Iran could escalate regional tensions, 
impacting global markets and diplomatic relations significantly.
The post Odds for US forces entering Iran by April 30 surge to 86.5% amid 
drone removal appeared first on Crypto Briefing.

Odds for US forces entering Iran by April 30 surge to 86.5% amid drone removal

Rising odds of U.S. ground troops in Iran signal potential geopolitical 
instability, impacting global markets and strategic military dynamics.
The post US market odds for ground troops entering Iran by April 30 surge to 
86% appeared first on Crypto Briefing.

US market odds for ground troops entering Iran by April 30 surge to 86%

Bitcoin showed mixed signals as whale accumulation hit records, while weak US 
demand kept bottom calls in doubt.

Bitcoin bottom or bull trap? Whales and bears disagree

Bitcoin is trading at $66,810 as of 10 a.m. Eastern time on Sunday, and across 
futures and options markets, traders are leaning defensive. The data tells a 
clear story: open interest is contracting, puts are moving faster than calls, 
and max pain levels on every major exchange sit well above where spot is 
trading. Key […]

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