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JUST IN: The Net Trading Volume (NTV) for ETH suggests a potential upward price trend.
The NTV is an on chain indicator that tracks the difference between the buy and sell volume of market orders in the derivatives market for a particular cryptocurrency (Ethereum, in this case).
This metric is used to assess whether buying or selling pressure is the dominant force in the market at any given time.
When the NTV increases and becomes positive, it indicates that buying volume is greater than selling volume.
Conversely, a negative NTV suggests that sellers are overwhelming buyers in the Ethereum derivatives market.