The post Ethereum Gaining Ground on Bitcoin: Taker Buy-Sell Ratio and Cost Basis Trends Point to Stronger Sentiment appeared on BitcoinEthereumNews.com.

Current market trends indicate that Ethereum ($ETH) is experiencing a surge in investor interest as sentiment pivots away from Bitcoin ($BTC) in the near term. Primary metrics like the taker buy-sell ratio and cost basis distribution (CBD) are now painting a more favorable picture for Ethereum relative to Bitcoin. These developments are not going unnoticed by analysts and investors, especially because Ethereum’s price itself is undergoing what looks like a period of bullish buildup, even as Bitcoin continues to contend with waning demand. Traditionally, when the taker buy-sell ratio for Bitcoin starts to decline while Ethereum’s rises, this indicates a trend reversal in which Ethereum starts to outperform Bitcoin. And that is precisely what we are witnessing now in the crypto market. Bitcoin’s buy-sell ratio has been dropping for some time, and this, of course, reflects diminishing buying momentum and a forecast that is less rosy in the short run for Bitcoin. At the same time, Ethereum’s ratio is rising, which points to quite the opposite scenario for Ethereum—that is, it is enjoying a nice upsurge in buying interest and investor sentiment. This shifting market dynamic indicates that an increasing number of investors are turning to Ethereum, probably because of the recent updates to the network and its rising popularity in areas like DeFi, non-fungible tokens, and layer-2 solutions. With Bitcoin’s supremacy in the market starting to wane, Ethereum is definitely the next contender to capture the spotlight, especially as institutional appetite for blockchain alternative assets continues to swell. Accumulation Zones Indicate Long-Term Conviction in Ethereum This burgeoning Ethereum momentum is most evident in the cost basis distribution (CBD) for Ethereum. The CBD for Ethereum is trending down across multiple cost bases, signaling that investors have been stocking up on Ethereum as its price has dipped. This accumulation behavior is…

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Filed under: News - @ February 25, 2025 10:26 am