Ethereum’s taker buy/sell ratio hits 0.87, marking one of the lowest levels recorded on Binance futures since the start of 2025.
ETH price continues to face resistance near $4,000, with repeated failures to break above signaling continued consolidation in the short term.
The 7-day and 30-day SMAs for Ethereum have started to slope downward, suggesting momentum is cooling across both short and medium timeframes.
Ethereum is encountering renewed short-term pressure, with recent derivatives data and price action suggesting a slowdown in bullish momentum.
Taker Buy/Sell Ratio Falls to 0.87
Ethereum futures data from Binance shows the taker buy/sell ratio has sharply declined to 0.87—one of the lowest levels recorded in 2025. The data, shared by market analyst @Darkfost_Coc, reflects that selling pressure currently dominates on ETH futures.
https://twitter.com/Darkfost_Coc/status/1952650260574011870
This metric has mostly remained negative since July 18, which coincides with Ethereum’s recent inability to break above the $4,000 level. Despite multiple attempts, the asset has failed to sustain a breakout, suggesting that buyers are being overwhelmed at resistance. Today’s incomplete data already signals further bearish control.
Consolidation Persists Below $4,000 Resistance
After an early year dip below $1,500, Ethereum quickly recovered and began testing the $4,000 level on several occasions. Despite testing $4,000 several times, the continued failure to breakout through the resistance indicates that the asset is still in a consolidation stage.
The extended sideways price action seems to be relatively correlated with the derivatives market where the negative ratio shows declining buying pressure to support Ethereum. Analysts suggest that it may take some time for Ethereum to return to try the all-time high with the weakness at the moment.
Binance still has the most open interest in ETH futures and continues to be a good indicator of sentiment by investors. The continued decline in the buy/sell ratio on the exchange continues to highlight the level of caution in the market overall.
Short-Term Averages Begin Downward Movement
Market structure also shows early technical signs of weakness. The 7-day and 30-day simple moving averages (SMAs) are now both trending downwards. This shift suggests potential bearish continuation if conditions do not improve.
The declining SMAs reinforce the narrative that Ethereum may be entering a more difficult period. With futures activity heavily monitored on Binance, short-term sentiment has notably turned more pessimistic.
Overall, Ethereum’s performance is increasingly tied to derivatives activity and exchange behavior, which currently reflects reduced optimism. Traders will likely continue to watch for any positive shift in futures metrics.
