Ethereum has struggled to keep up with Bitcoin's explosive rally, especially after $BTC soared to all-time highs in November 2024. Even with the excitement surrounding the recent Ethereum ETF approval, $ETH has remained in a corrective phase — leaving many traders wondering: Is the bottom finally in?
What’s Been Happening with Ethereum?
Since February 2024, Ethereum has faced persistent sell pressure. Taker sellers consistently outpaced taker buyers, causing ETHto slide from nearly $4,000 down to $1,800.
This downtrend wasn't just about market structure — it reflected serious sentiment shifts, lack of institutional support compared to Bitcoin, and a rotation of capital into faster-moving altcoins.
A Shift in Momentum: Bullish Divergence Forming?
Here’s the twist:
That aggressive sell pressure is finally fading.
We're starting to see higher lows in sell volume, even as the price makes marginally lower lows. This is a classic bullish divergence — and a potential signal that sellers are losing steam.
The big takeaway? Buyers might be preparing to step in. A change in taker flow could mark the beginning of a recovery phase for Ethereum.
What’s Next for ETH?
Whether we see a short-term bounce or a longer recovery trend, one thing is clear: This could be a pivotal moment for Ethereum. As Bitcoin continues to lead, Ethereum may be preparing for a catch-up rally — especially with ETF hype and Layer 2 developments bubbling under the surface