With Ethereum's price struggling to surpass the $4K mark, traders might be interested in the behavior of futures market participants. The chart below shows the 7-day moving average of the Taker Buy Sell Ratio, which assesses the relative aggressiveness of buyers versus sellers. A value above one suggests buyer dominance, while a value below one indicates aggressive selling.

As illustrated in the chart, the ratio has failed to rise above one and has been declining sharply in recent days. This trend suggests that the majority of futures traders have been selling Ethereum aggressively, either for speculative purposes or to realize profits. This significant drop in the metric is a bearish signal, suggesting that the current downward retracement could persist if this trend continues.

Written by ShayanBTC