Ethereum's market dynamics on Binance have shown a notable shift as the taker buy-sell ratio turned sharply negative upon reaching the key resistance level of $4,000. This bearish sentiment has persisted since early November, reflecting a stronger inclination among Binance traders to sell rather than buy ETH. Despite this, Ethereum's upward momentum has been sustained, largely due to a significant increase in demand for ETH ETFs. This underscores the rising impact of institutional interest in shaping Ethereum's price movements, emphasizing the importance of closely monitoring this trend for future market insights.
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