While Ethereum’s price has experienced a bullish reversal, a closer examination is essential to determine if the bullish trend will persist. The chart highlights the Taker Buy/Sell Ratio, a crucial metric for evaluating futures market sentiment. Values above 1 indicate aggressive buying by bulls, while values below 1 suggest bearish selling pressure.

As depicted in the chart, the Taker Buy/Sell Ratio surged above 1, simultaneously with the bullish revival in Ethereum's price. This surge indicates strong buying interest in the perpetual market, suggesting a notable bullish sentiment. If this upward trend in the Taker Buy/Sell Ratio continues, it confirms a potential mid-term bullish trend in the market, with the price likely rallying toward higher values.

Written by ShayanBTC