[DigitalToday reporter Yesle Kim] Ethereum posted its clearest recovery signal in recent weeks as its 24-hour trading volume jumped 107 percent. It rebounded from around $1,600 to near $1,800.

On June 16 (local time), blockchain outlet U.Today reported that trading participation is rising quickly across major exchanges. Investors who had left the bearish zone are returning.

The increase in volume was pronounced on large exchanges. Binance’s ETH/USDT volume topped $13 billion, and OKX, Bybit and Gate also logged triple-digit percentage increases in volume. Such moves often coincide with market participants repositioning in preparation for a larger change in direction.

Prices also responded. Ethereum rose about 4 percent over the past day and moved back toward $1,800. The rebound followed a sharp sell-off earlier this month. At the time, Ethereum entered oversold territory and large-scale liquidations occurred in derivatives markets.

Derivatives indicators also improved. Long-short ratios at major exchanges were mostly above 1.0, pointing to buyer-dominant positioning. Many of the forced liquidations during the recent rebound were absorbed by short positions. This is interpreted as investors betting on declines being pushed out as Ethereum rose.

Fund flows in the futures market were also positive. On 4-hour and 8-hour measures, Ethereum futures showed clear net inflows, suggesting fresh money is entering the market rather than a shift among existing positions.

Technical resistance remains. Ethereum is still below its 50-day, 100-day and 200-day moving averages, and all three indicators remain in a downtrend. The first resistance level is around $1,850. A bigger hurdle is $2,050, where the 100-day moving average sits.

Momentum indicators are improving. The relative strength index (RSI) is moving out of oversold territory and returning to a neutral zone. For this recovery in volume to lead to an actual trend reversal, whether Ethereum can break above key resistance levels in the next few days will be crucial, the outlet reported.