Is Ethereum’s Price Under Pressure? Here Is What Futures Data Signals

Is Ethereum’s Price Under Pressure? Here Is What Futures Data Signals


Recent data from CryptoQuant has revealed a bearish phase for Ethereum (ETH), as futures traders exhibit strong selling activity.

The crypto community closely monitors these developments, especially with Ethereum struggling to hold above the $3,500 mark, adding tension to an already volatile market.

Ethereum Market Sentiments And Technical Indicators

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Data from CryptoQuant has shed light on the current market conditions for Ethereum, suggesting a potential continuation of the current downtrend. The analysis focuses on the ‘Taker Buy Sell Ratio,’ a key indicator of market sentiment in the futures arena.

This metric assesses the balance of buying versus selling activity; a ratio above 1 indicates dominance by buyers, reflecting stronger buying pressure, while a value below 1 highlights aggressive selling.

Unfortunately for Ethereum investors and enthusiasts,

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