Ethereum has dropped below $1,600, sparking renewed discussions among market analysts. Despite the dip, key on-chain indicators suggest growing investor confidence and potential upside. Several metrics, including trading ratios and pricing bands, indicate possible accumulation. Analysts warn that this favorable buying range might be brief. Taker Buy-Sell Ratio Points to Growing Buyer Interest Data from CryptoQuant shows that Ethereum’s Taker Buy-Sell Ratio has stayed above 1 for two days. This metric signals more buyers than sellers in the derivatives market. According to analysts tracking market order flows, a ratio above 1 often implies bullish sentiment. During this period, Ethereum’s price
<p>The post Ethereum Eyes Rebound as Price Nears $1,600 with Bullish On-Chain Signals first appeared on Coin Crypto Newz.</p>
