Ethereum continues to hover below a critical resistance range, keeping investors on edge about the likelihood of a bullish breakout. While price action alone has provided mixed signals, insights from the futures market shed light on underlying sentiment shifts that could shape Ethereum’s next major move.
One of the most telling indicators is the ETH Taker Buy-Sell Ratio, which measures whether aggressive market orders are dominated by buyers or sellers. Aggressive orders — those executed at market price — typically reflect urgency and strong conviction from market participants.
Recently, the 14-day moving average of this ratio has seen a notable decline, pointing to increased aggressive selling activity. This trend suggests that bears are regaining control, triggering a wave of profit-taking and distribution as Ethereum struggles near resistance.
If the selling pressure persists and the ratio continues trending downward, Ethereum could undergo a deeper correction, with the $2.2K support emerging as a likely target. However, if this aggressive selling is primarily driven by short-term players or "weak hands," it could represent a healthy consolidation phase before a broader bullish breakout resumes.
In short, Ethereum’s next direction hinges on whether the current selling momentum intensifies — or exhausts — in the face of growing mid-term demand.
Written by ShayanMarkets
