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Ethereum Faces Deeper Consolidation as Taker Buy/Sell Ratio Hits Yearly Low

Ethereum ($ETH ) is under pressure, trading at $3,654.60 after a sharp drop from $3,940 to $3,360. The taker buy/sell ratio has plummeted to 0.87, one of the lowest levels in 2025, signaling seller dominance in futures markets. 📉

Analyst Darkfost notes this trend has persisted since July 18, with ETH struggling to break the $3,860.80 resistance. While volume spikes show buyers defending dips, the market remains in a consolidation phase between $3,850 and $3,350. 📊

A breakout above $3,860.80 could spark bullish momentum, but failure to hold $3,600 risks a retest of $3,300-$3,350 support. Long-term, fundamentals like on-chain accumulation and institutional interest remain strong. 💪

What’s next for ETH?