Key Insights
- Ethereum’s Net Taker Volume is rising, signaling a bullish trend.
- Ethereum shows strong support at $3,150 and $2,800 with high accumulation.
- Ethereum’s price could see a breakout within the next month based on trends.
- The Net Taker Volume pattern mirrors a previous rally, suggesting similar bullish action.
Ethereum Net Taker Volume has been climbing in recent days, suggesting a potential bullish movement for the cryptocurrency. As of the time of writing, Ethereum is trading at $3,198, with a 24-hour trading volume of $33,968 B, with a decrease of 3.63% in the last 24 hours.
Ethereum’s Net Taker Volume Shows Bullish Trends
Crypto analysts point out that the pattern forming in ETH’s volume is similar to what was observed in January to April 2025, when Ethereum experienced a significant price rally, reaching new all-time highs.
As the Net Taker Volume continues to rise, selling pressure is weakening, which further supports the possibility of Ethereum flipping positive. Karman Asghari noted that this pattern is historically associated with strong price breakouts.
If the trend continues, ETH could experience a major price shift within the next month, similar to the bullish momentum observed earlier in the year. The data indicates that Ethereum’s next significant move could be closer than the market expects.
Support Levels for Ethereum’s Price
In addition to the increasing Net Taker Volume, Ethereum is currently holding key support levels. Crypto analyst Ali_charts pointed out that there are two major support walls for ETH, one at $3,150, where 2.8 million tokens have been accumulated, and $2,800, with 3.6 million tokens.
These support zones indicate that a large number of investors have been purchasing Ethereum at these levels, which may help prevent further downward movement in the short term. These support walls suggest that Ethereum has strong buying interest at these price points.
If Ethereum’s price drops to these levels, it could potentially create a foundation for a price rebound. The accumulation of Ethereum at these price levels shows that investors believe in the long-term value of the cryptocurrency.
Ethereum Market Sentiment
Ethereum market sentiment has been increasingly bullish as Net Taker Volume continues to climb. A positive flip in Ethereum’s price may be just around the corner, as the strengthening support and weakening selling pressure provide a solid foundation for further price increases. If the upward trend in Net Taker Volume holds, Ethereum could be preparing for a major breakout within the next month.
