Ethereum price may have experienced a modest recovery late last week. Nevertheless, the popular altcoin still shows a broad bearish structure. Interestingly, recent on-chain tests have emerged, which paint a bleak picture of Ethereum’s central future, contrary to the perceived continued relief.
Taker Buy Sell Ratio Plummet to November 2025 Lows
In a recent post on QuickTake, market analyst CryptoOnchain revealed that sellers of Ethereum derivatives are currently dominated by aggressive sellers as shown by the Ethereum: Taker Buy Sell Ratio on Binance, which is reversed by the 30-day moving average.
In context, this metric measures whether aggressive market buyers or aggressive sellers dominate the ETH futures market, and especially on Binance (the world’s leading cryptocurrency by trading volume). When the Taker Buy Sell ratio falls below the 1.00 threshold, it is a sign that the taker’s sell volume is greater than the buyer’s buy volume.
Basically, this means that there are more aggressive sellers than buyers. On the other hand, a sustained reading above 1.00 indicates that the futures market is currently dominated by aggressive buyers.
CryptoOnchain shows in his post that the reading of the metric is currently sitting near the 0.97 level, which indicates that the current price action of Ethereum is mainly driven by strong selling pressure. The 0.97 position, interestingly, is the lowest since November, 2025. CryptoOnchain explains that this reveals a significant change in sentiment among Ethereum futures traders over the past month, rather than a temporary reaction to price action.
What it means for ETH Price
A drop in the Taker Buy Sell ratio to 0.97 does not guarantee a quick sell; more precisely, it shows that bears are likely to benefit from Ethereum in the short term. In the event that this bearish pressure is absorbed by local demand, selling would not occur. On the other hand, if demand at key support levels fails The fall of the buffer Ethereum, the second largest cryptocurrency may fall further.
Additionally, if there is a sudden injection of demand, the futures market at the same time maintains its extreme bearish sentiment; the Ethereum market may see a short squeeze, where suggested short positions are liquidated, thus driving prices higher with momentum.
Therefore, the Ethereum market is in a very unstable phase, as prices can go in any direction, and with high momentum, depending on what happens first. As such, market participants are advised to tread the charts with caution. As of this writing, Ethereum is valued at $2,085, representing a slight gain of 1.7% from the previous day, according to data from CoinMarketCap.
Featured image from Flickr, chart from Tradingview
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