Gate News, April 4, CryptoQuant analyst Darkfrost posted on the X platform, saying that since the last bear market, the Ethereum derivatives market has for the first time shown a clear “structural change.” On-chain data shows that Ethereum (ETH) net taker volume has shifted from a long period of negative to positive; currently, buyer pressure is dominant, with an amount of about $104 million. Darkfrost said that although Ethereum has been under long-term pressure when approaching new highs, the current dominance of buy orders could help form a firmer market bottom. If this trend continues, and the spot market and ETFs begin to support the rally, Ethereum may be able to kick off a new round of upward momentum.
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