The analyst also noted another noteworthy detail: even when the price of Ethereum approached peak levels, this indicator signaled strong selling pressure, but in the current situation, this dynamic is beginning to reverse. This change is interpreted as a precursor to a larger transformation of the market structure. According to Darkfort, the increasing buying pressure in the derivatives market could lay the groundwork for forming a more solid bottom for Ethereum. If this trend persists and is supported by the spot market and ETFs, Ethereum could potentially re-enter an upward trend.#GateSquareAprilPostingChallenge

ETH-0.31%
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