ETH price metric flashes buy signal after 3 years of seller dominance

💡 DMK Insight

ETH’s recent sell-off at $2,933.22 might seem concerning, but the positive net taker volume is a game changer. For the first time in years, this uptick in net taker volume indicates that buyers are stepping in, which could signal a shift in momentum. If bulls capitalize on this, we might see a push towards resistance levels around $3,000. Traders should keep an eye on the daily chart for confirmation of this trend—if we see sustained buying pressure, it could lead to a breakout. On the flip side, if selling resumes and ETH drops below $2,800, that could trigger a wave of stop-loss orders, leading to further downside. Watch for how institutional players react to this volume shift; they often set the tone for broader market sentiment. A clear break above $3,000 could attract more retail interest, while a failure to hold current levels might lead to increased volatility in related assets like SOL, which is currently at $125.92.