Ethereum's derivatives market is witnessing a notable shift, marking its first net buy since the 2023 bear market, according to Cryptoquant analyst Darkfost. The net volume for Ethereum, which has been predominantly negative since 2023, has now turned positive, with buying volume reaching $104 million. This indicates a significant buying pressure in the market. Despite previous strong selling pressure even as Ethereum's price neared recent highs, the current dynamics suggest a potential change. Darkfost suggests that this buying pressure could help establish a more robust market bottom. If this trend continues and gains support from spot markets and ETFs, Ethereum might resume an upward trajectory.