MAC_D
ETH Net Taker Volume(30ma) Still Negative
Ethereum’s net taker volume in the futures market has been rapidly contracting following its deepest negative reading in September and the subsequent price decline. This indicates that selling pressure in the futures market is gradually easing, but the fact that the metric remains in negative territory shows that selling activity still outweighs buying activity. Historically, when this indicator shifts from negative to positive, the market has often formed a bottom. Therefore, it is likely that both price correction and time correction will be required before the market fully establishes a bottom and reverses its trend. Chart by: Maartun