Ethereum has posted its strongest buy-side pressure on derivatives markets since the 2022 bear market, according to CryptoQuant analyst Darkfost, a shift that could matter after months of persistent sell-side dominance across this cycle. The change does not, on its own, confirm a full trend reversal. But it does mark a notable break from the pattern that has weighed on ETH during key upside attempts.
Ethereum Flashes Early Recovery Signal
In a post shared on X on April 18, Darkfost argued that Ethereum has spent most of the cycle fighting “unusually heavy selling pressure on derivatives markets.” He pointed to net taker volume, a measure of the imbalance between buy and sell market orders on derivatives exchanges, which he said “remained almost consistently negative” throughout the period.
<img data-recalc-dims="1" fetchpriority="high" decoding="async" class="size-full wp-image-892455" src="https://dailytruthreport.com/wp-content/uploads/2026/04/HGN-oGWX0AMI-4d-1.jpg" alt="ETH Net Taker Volume" width="1024" height="576" srcset="https://www.newsbtc.com/wp-content/uploads/2026/04/HGN-oGWX0AMI-4d-1.jpg?w=4000 4000w, https://www.newsbtc.com/wp-content/uploads/2026/04/HGN-oGWX0AMI-4d-1.jpg?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2026/04/HGN-oGWX0AMI-4d-1.jpg?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2026/04/HGN-oGWX0AMI-4d-1.jpg?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2026/04/HGN-oGWX0AMI-4d-1.jpg?w=1536 1536w,
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