Ethereum Sees 10% Weekly Rebound, But $1,800 Remains Elusive

Ethereum ($ETH) has staged a notable recovery over the past week, briefly climbing above $1,800 as broader cryptocurrency market sentiment improved.

The second-largest cryptocurrency has gained roughly 10% during the period, fueled by renewed buying activity across derivatives markets.

A key driver behind the rebound has been the turnaround in Ethereum's Net Taker Volume, an indicator that measures the difference between buying and selling activity in $ETH perpetual futures markets.

However, it has failed to maintain its price above $1,800 and could record further losses in the near term.