Ethereum’s Net Taker Volume hit -$418.8 million, signaling extreme selling. Yet, rising network activity and long-term holder profits suggest ETH could rebound if bulls reclaim $3,950 soon.

Ethereum’s [ETH] Net Taker Volume plunged to -$418.8 million—its second-largest daily sell-side imbalance ever recorded.

That means 116,000 more ETH were sold than bought in a single day, according to CryptoQuant. Historically, such heavy-handed selling has preceded local tops, acting as reversal signals.