Ethereum Bears Dominate Market Orders: -$418.8M Daily Net Taker Volume Signals Trouble

Ethereum is trading below the $3,700 level after days of heightened volatility and mounting uncertainty. The recent price action reflects a clear struggle by bulls to defend key demand zones, as bearish momentum continues to dominate short-term trends. Despite multiple rebound attempts, Ethereum has been unable to reclaim crucial resistance levels, raising concerns of a potential deeper correction in the near term.

However, strong fundamentals such as increasing institutional adoption, network growth, and broader market developments continue to support the bullish thesis for Ethereum over the coming months. These structural tailwinds suggest that the current weakness may be part of a healthy consolidation phase before the next major upward move.

Top analyst Maartunn shared key insights revealing that the Ethereum Net Taker Volume (Daily) has turned sharply negative, signaling a growing dominance of sell-side pressure. This metric quantifies the difference between market buy and sell orders, providing a clear view of the current sentiment among active traders.

Top analyst Maartunn shared critical insights regarding Ethereum’s current market dynamics, emphasizing that Net Taker Volume for ETH sits at -$418.8 million (Daily). This figure indicates that taker sellers have offloaded approximately 115,400 more ETH than buyers were willing to absorb through market orders. Net Taker Volume measures the difference between buying and selling volumes executed at market prices, offering a direct view of the aggressiveness of traders prioritizing immediate execution over optimal pricing.

Such a significant negative Net Taker Volume reflects that market participants with a bearish outlook are dominating order books, pushing sell orders aggressively into the market. This behavior signals that sellers are not waiting for better prices, highlighting a serious short-term bearish pressure that can weigh on Ethereum’s price in the immediate term.

However, this bearish signal comes after weeks of intense bullish momentum where Ethereum surged aggressively, reaching a local high of $3,940. Given this context, some analysts interpret the current selling pressure as a healthy correction rather than a structural trend reversal.

Despite the negative Net Taker Volume, Ethereum’s long-term fundamentals — including institutional accumulation, network growth, and broader adoption trends — remain intact. The current bearish dominance in futures markets serves as a short-term cautionary signal, but it does not yet suggest a breakdown of Ethereum’s overall bullish structure. Analysts will be closely monitoring whether ETH can stabilize and hold key support levels in the coming days.

Ethereum (ETH) is trading at $3,624.67 after a volatile week marked by sharp pullbacks and failed breakout attempts. The daily chart shows ETH struggling to reclaim the critical resistance level at $3,860.80, which has become a psychological barrier after multiple rejections. Despite bouncing from a local low near $3,360, the bulls are finding it difficult to sustain momentum above the $3,700 zone.

The 50-day moving average (MA) at $3,059.75 continues to slope upward, reflecting a longer-term bullish trend, while the 100-day MA at $2,742.48 and the 200-day MA at $2,503.32 act as major support zones. However, in the short term, price action indicates a bearish bias as ETH forms lower highs, suggesting weakening bullish momentum.

Trading volumes remain moderate, lacking the surge needed to propel Ethereum above resistance. If ETH fails to reclaim the $3,860 level soon, a retest of the $3,360 support zone could be on the cards. Conversely, a strong daily close above $3,860 would signal a potential continuation of the uptrend.

Featured image from Dall-E, chart from TradingView