🧐 Ethereum trading sentiment is optimistic, is $4000 within reach?
With the general price rebound in the cryptocurrency market expected in 2025, Ethereum has risen over 10% in the past week. Trends in investor activity data show that bullish sentiment is on the rise, and prices are expected to continue climbing in the short term.
In CryptoQuant's Quicktake post, market analyst ShayanBTC suggested that the Ethereum market may further experience price increases based on the Taker buy-sell ratio. The Taker buy-sell ratio is an important trading indicator in the futures market that measures the balance between aggressive buying and selling.
This ratio is typically used to gauge market sentiment, showing whether buyers or sellers are more active in market orders. A ratio above 1 indicates that buyers are dominant, while a ratio below 1 indicates significant selling pressure. As Ethereum rebounds above $3000, the ratio recorded a substantial increase in market buy orders, indicating that traders expect prices to rise in the short term.
If Ethereum bulls can maintain the current upward trend, prices are expected to return to $4000, which is also its next significant resistance level. ShayanBTC pointed out that to confirm the bullish trend, the Taker buy-sell ratio must be above 1, indicating that buyers are in control of the market.
Additionally, cryptocurrency analyst Michaël van de Poppe noted that the altcoin market recently retested previous key support levels. However, with the full arrival of altcoin season, these altcoins are currently in a bullish upward trend.
At the same time, as expectations for the current bull market cycle continue to rise, van de Poppe also predicts that the altcoin market capitalization could reach a valuation of $2 trillion during altcoin season.
As the largest altcoin by market cap, Ethereum is likely to play a significant role in stimulating and guiding bullish momentum in the altcoin market during this period.
Currently, Ethereum's trading price is $3609, with a 24-hour increase of 0.61%, but daily trading volume has decreased by 26.14% to $15.69 billion.
In summary, as market sentiment warms up, investors are full of expectations on whether it can break through the $4000 barrier. The next market direction is worth our general attention.
What do you think about the upcoming trend of Ethereum? Do you believe Ethereum can drive the potential prosperity of the entire altcoin market?
