The buy-sell ratio of participants on Binance for Ethereum has dropped sharply as ETH hit the resistance level of 4k.

Since the beginning of November, this ratio has maintained a downward trend, indicating that Binance users are tending to sell ETH more than buy.

However, ETH continues to rise thanks to strong demand from ETH ETF funds during the same period.

This shows increasing interest from institutions that are affecting the price of ETH, and this trend needs to be closely monitored.