NEWSLETTER
The cryptocurrency market was quite stable despite the global macroeconomic wind that shook traditional markets during the past week. The price of ethereum did not enjoy the same relief as other large capitalization assets, starting in April almost when the first quarter of 2025 ended.
The second largest cryptocurrency is about to lose the level of $ 1,800, since it has decreased in value by almost 5% in the last week. However, the latest data in the chain suggest that ethereum's price could be close to a fund and could be preparing for a rebound in the coming weeks.
Rising Metric says that ethereum's price could be ready to return
In a recent publication on platform x, the Maartunn chain analyst <a target="_blank" href="https://x.com/JA_Maartun/status/1908216894018015257″ target=”_blank” rel=”noopener nofollow”>shared A new vision of ethereum investors activity in centralized exchanges. According to the Pundit crypto, this last shift in the chain suggests that a new fund could be preparing the price of ethereum.
The relevant indicator here is the net volume metric of Taker, which tracks the difference between the purchase volume of Taker and the volume of sale of Taker in a particular asset market (ethereum, in this case). This indicator in the chain can be used to measure the force of the sales or purchase pressure in the market.
When Taker's net volume is positive, it indicates that the aggressive purchase activity (Taker purchase) is an overwhelming sales activity (Taker Sells), which suggests a growing upward feeling. A negative metric implies that Taker's sales volume is higher than Taker's purchase volume, which is generally a bearish signal.
Maartunn pointed out in his position that the aggressive sales activity has been exceeding the purchase activity in the ethereum market for more than a year. However, the chain analyst stressed that Taker's sales volume seems to be decreasing and losing some steam in recent weeks.
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Source: @JA_Maartun on x
As shown in the previous table, the volume of net makers is forming higher minimums, even when the price of ethereum is making new lower minimums. This classic bullish divergence He suggests that Altcoin could be preparing to backyard and experience a bullish investment.
At the time of writing this article, the Token eth is valued at around $ 1,806, which reflects a price jump of approximately 1% in the last 24 hours.
eth whales cutting their holdings
Interestingly, a conflicting piece of data in the chain has also emerged, demonstrating that an important class of investors known as whales has been downloading its assets. This cohort of investors influences market dynamics due to its significant holdings and, as such, is usually monitored by other investors.
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Source: @ali_charts on x
In a April 4 publication in x, the cryptographic analyst Ali Martínez <a target="_blank" href="https://x.com/ali_charts/status/1908233357718392954″ target=”_blank” rel=”noopener nofollow”>revealed that whales (which have between 10,000 and 100,000 coins) have sold more than 500,000 tokens eth in the last 48 hours. Taking into account the size of this mass sale and the influence of investors, this activity could be a bearish obstacle for a possible recovery of ethereum prices.
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The price of eth on the daily timeframe | Source: ETHUSDT chart on x/bllBNSa7/" target="_blank" rel="noopener nofollow">TradingView
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