Analyzing futures market metrics for Ethereum provides valuable insights that complement traditional price analysis. This chart highlights the Taker Buy Sell Ratio, one of the most significant futures market indicators. It measures the aggregate aggressiveness of buyers versus sellers in executing orders.

Recently, the Taker Buy Sell Ratio plummeted to its lowest levels in months, signaling substantial selling pressure in the market. However, the metric has since begun to recover, showing a slight uptick. This suggests that buyers are attempting to push Ethereum's price above the critical $2.8K resistance level. If this upward trend in the ratio continues, the current retracement phase may extend in the short term. Monitoring this metric closely in the coming days will be crucial for predicting Ethereum's next price movements.