Ethereum (ETH) staged a notable recovery over the past week, briefly climbing above the $1,800 mark as broader cryptocurrency market sentiment improved. The second-largest cryptocurrency has gained roughly 10% during the period, fueled by renewed buying activity across derivatives markets. A key driver behind the rebound has been the turnaround in Ethereum’s Net Taker Volume, an indicator that measures the difference between buying and selling activity in ETH perpetual futures markets. Positive readings suggest buyers are dominating trading activity, while negative values indicate stronger selling pressure. However, it has failed to maintain its price above $1,800 and could record further losses in the near term. Ethereum’s previous decline from May through late June coincided with the metric turning negative.
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