Ethereum price may have seen a slight recovery late last week. However, the popular altcoin still reflects a broader bearish structure. Interestingly, a recent on-chain assessment has surfaced that paints a bleak picture of Ethereum’s medium-term future, as opposed to an imagined lasting relief.
Takers’ Buy-Sell Ratio Falls to November 2025 Lows
In a recent article on QuickTake, market analyst CryptoOnchain reveals that Ethereum derivatives traders are currently dominated by aggressive sellers, as indicated by the Ethereum: Taker Buy Sell ratio on Binance, smoothed with the 30-day moving average.
For context, this metric measures whether aggressive market buyers or sellers dominate the ETH futures market, and particularly on Binance (the world’s leading cryptocurrency exchange by trading volume). When the Taker Buy Sell ratio drops below the threshold of 1.00, it is a sign that the taker’s selling volume is greater than the taker’s buying volume.
Basically, this means that there are more aggressive sellers than buyers. On the other hand, sustained readings above 1.00 signal that the futures market is currently dominated by aggressive buyers.
CryptoOnchain highlights in its article that the metric’s readings are currently hovering around the 0.97 level, indicating that Ethereum’s current price action is driven more by aggressive selling pressure. Interestingly, the 0.97 area is the lowest since November 2025. CryptoOnchain explains that this reveals a larger change in sentiment among Ethereum futures traders over the past month, rather than being a temporary reaction to price action.
What this means for the price of ETH
The drop in the Taker Buy Sell ratio to 0.97 does not guarantee an immediate sale; specifically, it shows that bears are more likely to profit from Ethereum in the short term. In the event that this downward pressure is absorbed by spot demand, no massive sell-off would ensue. On the other hand, if demand at key support levels fails to buffering Ethereum’s fall, the second-largest cryptocurrency could fall further.
Moreover, in the event of a sudden injection of demand, the futures market simultaneously maintains its extremely bearish sentiment; The Ethereum market could experience a short squeeze, where leveraged short positions are wiped out, thus pushing prices higher with momentum.
Therefore, the Ethereum market is still in a very unstable phase, as prices could go in either direction, and with strong momentum, depending on what happens first. Market participants are therefore advised to go through the charts with caution. As of this writing, Ethereum holds a valuation of $2,085, reflecting a slight gain of 1.7% since the previous day, according to data from CoinMarketCap.
Featured image from Flickr, chart from Tradingview
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