Analysts: Ethereum derivatives market sees buying dominance for the first time since the bear market, potentially restarting an upward trend.

CoinFeed reported on April 4th that, according to data from Cryptoquant analyst Darkfost, the Ethereum derivatives market has seen its first major shift since the 2023 bear market. The ETH net trading volume metric, used to measure buy/sell pressure in the derivatives order book, has turned positive, currently showing buying pressure dominating at $104 million. Notably, even when prices were near new highs, this metric still showed strong selling pressure; the situation has now completely reversed. Analysts believe that this positive buying pressure will help form a stronger bottom. If this trend continues and is supported by spot market and ETF funds, Ethereum is expected to resume its upward trend.