- Ethereum derivatives show +$102M net taker volume, the strongest buy pressure since 2022 after months of selling.
- Previous cycle saw heavy sell pressure at peaks, with net taker volume dropping below -$500M during rallies.
- ETH recovery builds near key resistance levels, with momentum shifting as moving averages approach crossover.
Derivatives Data Shows Shift in Momentum

Notably, the imbalance intensified during major price attempts. In December 2024, when ETH pushed above $4,000, net taker volume dropped to -$511 million. Later, near its all-time high below $5,000, the figure declined further to -$568 million.
However, recent data shows a reversal in trend. Since March, buyers have taken control of derivatives flows. The latest reading shows +$102 million in net taker volume. According to Darkfost, this marks the strongest buying pressure since 2022.
Price Action and Earlier Market Stress
While derivatives data shifted, price action had already reflected earlier weakness. Ethereum traded above key moving averages in late October and early November. It peaked near $4,200 to $4,300 during that phase.

Through December and January, ETH moved between $2,800 and $3,400. It failed to reclaim the 200-day average, which acted as resistance. Then, in early February, a sharp drop pushed price near $1,800.
Recovery Attempts Build into Key Resistance
Meanwhile, the 50-day moving average turned upward. It now approaches the 200-day average, indicating a potential crossover. This setup places focus on key price levels.
Support currently is between $1,800 and $2,000. Meanwhile, resistance stands near $2,400 in the short term. A higher resistance zone appears above $2,700, based on recent structure.

