Ethereum Bulls Could Seize Market Control, as ETH Aims at Higher Resistance Levels

• Ether (Ethereum) has experienced a sudden rebound in prices, deviating from its previous corrective path.
• CryptoQuant's analysis suggests that Ethereum bulls could be taking control of the market.
• The 'Taker Buy Sell Ratio' metric, coupled with a 30-day simple moving average, indicates a potential shift towards a more bullish outlook.
• Ether has faced multiple rejections around the $2,000 resistance level and has been on a downtrend in recent weeks.
• The sudden spike in the metric suggests a potential transformation in market sentiment and a possible upswing in Ether's price.
• Ether has witnessed a 65% drop in value since its all-time high in 2021.
• Santiment's analysis considers the current situation a "historical anomaly" and a potential "capitulation signal" for a price recovery.

The sentiment in the article is generally positive, highlighting the potential for a bullish turnaround in Ether's price.