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Ethereum (ETH) showcases signs of potential upward momentum as buying pressure mounts from both retail and derivatives traders amidst recent market fluctuations.
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Despite a 21% decline in value over the last month, a resurgence of bullish sentiment suggests that ETH might be gearing up for recovery as interest from investors grows.
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“The Taker Buy-Sell Ratio indicates strong buying activity from derivatives traders, reflecting a market poised for potential moving average crossover,” noted analysts from COINOTAG.
Ethereum experiences renewed bullish momentum as retail and derivatives traders rally, hinting at a possible price recovery for ETH in the upcoming week.
Institutional Investors Taking Profits Amidst Market Shifts
Recent insights from Glassnode reveal a **gradual sentiment shift** among institutional investors regarding ETH holdings. Between February 10th and 15th, the Ethereum spot ETF experienced notable selling activity following a bullish trading week prior.
Approximately 14,000 ETH—equivalent to around **$37.7 million**—was sold during this period, indicating a concerted effort among traditional investors to lock in profits. This selling pressure ties back to a price peak not seen since December of last year, prompting analysts to assess the sustainability of recent bullish trends.
Source: Glassnode
Should profit-taking persist, the immediate outlook for ETH could be influenced significantly once market conditions stabilize and fresh buying enthusiasm emerges among institutional buyers.
Korean and U.S. Retail Investors Show Resilience
In stark contrast to institutional selling, retail investors in **Korea and the United States** demonstrated a steadfast bullish attitude towards ETH. The Korea Premium Index, which measures relative demand on South Korean exchanges, remains above zero, with a current reading of **4.7**—an indicator of optimistic buy sentiment.
This sustained buying trend highlights the disparity in market approaches, as Korean retail investors prioritize accumulation even amidst broader market uncertainty.
Source: Cryptoquant
Meanwhile, the Coinbase Premium Index for U.S. retail traders reflects a more modest yet persistent buy interest in ETH, gauging at **0.02** at press time. Continued buying from these retail segments could serve as critical support for ETH’s rebound efforts.
Strengthening Positive Sentiment among Derivatives Traders
Derivatives traders have displayed a significant uptick in buying activity, highlighted by the Taker Buy-Sell Ratio, which was last recorded at **1.033**, indicating a favorable buying landscape.
A reading above 1 strongly suggests heightened buying pressure, reinforcing the idea that traders are positioning themselves for potential price increases.
Source: CryptoQuant
The positive **Funding Rate**, which settled at **0.0090**, also supports the notion that bullishness prevails, as buyers are willing to pay a premium to hold positions, further incentivizing market stability.
Conclusion
As ETH navigates through current market fluctuations, the convergence of buying pressure from retail and derivatives traders paints a constructive short-term outlook. Institutional selling activity may temper the upward trajectory, but sustained interest from individual investors may very well act as a **catalyst** for price recovery. The engagement from both Korean and U.S. retail investors, coupled with confirmatory data from derivatives trading, suggests that Ethereum remains on a pivotal point, potentially setting the stage for a bullish rally in the coming days.
