đš Ethereum Momentum Building up: Is a Major Price Rally on the Horizon? đš
Ethereumâs price is staging a comeback, and the taker buy/sell ratio is flashing bullish signals. This ratio tracks buyer vs. seller dominance in ETH markets and may hint at where prices are headed next.
Here's why you need to keep an eye on this indicator:
đ Taker Buy/Sell Ratio Explained: When the ratio > 1, buyers dominate; if < 1, sellers dominate.
đ Current Market Conditions: Ethereum's ratio has been below 1, meaning sellers have ruled the market for months.
đ Shift in Momentum: The ratio is now climbing as Ethereum price finds support above $2,100.
đ Bullish Implications: A continued rise in the ratio signals growing buyer interest, possibly igniting a new price rally.
đ° Profit Potential: 69% of ETH addresses are now "in the money," up from 59%, with 80% of ETH supply in profit.
Key Takeaway: If Ethereum's buying pressure keeps rising, we could be on the verge of a significant breakout!
đ„ Like, comment, and share if youâre bullish on Ethereumâs next move! đ„
