The post Ethereum Taker Buy Sell Ratio Signals Rising Optimism appeared on BitcoinEthereumNews.com.

Ethereum has surged by 2.75% in the past day as the crypto market continues to experience a general price rebound in 2025. Notably, data from Ethereum investors’ activity shows a corresponding rise in bullish sentiments with anticipation of a sustained uptrend in the short term. Ethereum Taker Buy Sell Ratio Nears 1, Bull Trend Set To Resume In a Quicktake post on CryptoQuant, market analyst ShayanBTC postulated the Ethereum market may experience further price growth based on the Taker Buy Sell Ratio – an important trading metric in the futures market used to measure the balance between aggressive buying and selling.  The Taker Buy Sell Ratio is used to gauge market sentiment by showing whether buyers or sellers are more aggressive in market orders. A Ratio above 1 indicates that buyers are dominant, while a ratio below 1 signals greater selling pressure. Following Ethereum’s rebound from above $3,000, the ratio has recorded a significant increase in market buy orders. This development suggests that Ethereum traders are becoming increasingly expectant of a price gain in the short term. If the Ethereum bulls are able to sustain the current uptrend, the altcoin is expected to return to $4,000 at which lies its next significant resistance level.  However, Shayan BTC notes that for a bullish trend to be confirmed, the Taker Buy Sell Ratio must rise above 1, indicating that buyers are taking control of the market. Source: CryptoQuant Altcoins Tipped To Reach $2 Trillion Valuation In Altseason In other news, crypto analyst Michaël van de Poppe has stated that the altcoin market has recently undergone a correction reaching a crucial support level. These digital coins are now in an upward bull trend as the altseason prepares to go into full effect. With the heightened expectations surrounding the current bull cycle, van de Poppe…

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Filed under: News - @ January 5, 2025 8:08 am