The cryptocurrency market was quite stable despite the world’s macroeconomic front wind which rocked the traditional markets during last week. The Ethereum Prize has not played the same relief as other large capitalization assets, from April almost by finishing the first quarter of 2025.
The second largest cryptocurrency is about to lose the level of $ 1,800, having decreased by almost 5% in last week. However, the latest chain data suggest that the Ethereum price could be close to a background and could prepare for a rebound in the coming weeks.
The increase in metric says that Ethereum Price could be ready for a return
In a recent article on the X platform, the chain analyst, Maartunn, shared a new overview of the activity of Ethereum investors on centralized exchanges. According to the Crypto Pundit, this last quarter of work on the chain suggests that a new background could brew for the Ethereum price.
The relevant indicator here is the metric of the Net-Piping volume, which follows the difference between the volume of purchase of lessee and the volume of sale of Taker in a market of specific assets (Ethereum, in this case). This chain indicator can be used to assess the sales or purchase pressure force on the market.
When the volume of the Nettor is positive, it indicates that the aggressive purchase activity (purchases of killers) is an overwhelming sales activity (Taker sells), suggesting a growing bullish feeling. A negative metric implies that the volume of sale of lessee is higher than the volume of purchase of lessee, which is generally a lowering signal.
Maartunn noted in his post that the aggressive sales activity has exceeded the purchase activity on the Ethereum market for more than a year. However, the chain analyst stressed that the volume of sales of takers seems to decline and lose steam in recent weeks.
Source: @JA_Maartun on X
As shown in the above graph, the volume of net lessee forms higher stockings, even if the Ethereum price makes new lower stockings. This classic upper divergence suggests that Altcoin could prepare for a background and to feel a bullish reversal.
To date, the ETH token is estimated at around $ 1,806, reflecting a price leap of approximately 1% in the last 24 hours.
ETH whales reducing their assets
Interestingly, a contradictory element of data on the chain has also emerged, showing that a large class of investors known as whales unloaded their assets. This cohort of investors has an influence on market dynamics due to their important assets and, as such, is generally monitored by other investors.
Source: @ali_charts on X
In an article on April 4 on X, Crypto Any Martinez analyst revealed that whales (holding between 10,000 and 100,000 pieces) sold more than 500,000 ETH tokens in the last 48 hours. Given the size of this sale and the influence of investors, this activity could be a downstream roadblock for a possible resumption of Ethereum prices.
The price of ETH on the daily timeframe | Source: ETHUSDT chart on TradingView
Istock star image, tradingview graphic
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