Ethereum price may have experienced some recovery late last week. However, popular altcoins are still reflecting a broader bearish structure. Interestingly, an on-chain valuation has recently surfaced, which, far from imagining lasting relief, paints a bleak picture for Ethereum’s medium-term future.
Taker buy-sell ratio plunges to lowest level in November 2025
In a recent post on QuickTake, market analyst CryptoOnchain revealed that Ethereum derivatives traders are currently dominated by aggressive sellers. Ethereum: Binance’s taker buy sell ratio has eased towards its 30-day moving average.
Depending on the context, this indicator measures whether aggressive market buyers or aggressive sellers are dominating the ETH futures market, especially Binance (the world’s leading cryptocurrency exchange by trading volume). When the taker buy sell ratio falls below the 1.00 threshold, it is a sign that taker sell volume is greater than taker buy volume.
Basically, this means there are more aggressive sellers than buyers. On the other hand, a sustained reading above 1.00 is a sign that the futures market is currently dominated by aggressive buyers.
CryptoOnchain noted in their post that the indicator reading is currently hovering around the 0.97 level, indicating that Ethereum’s current price action is being driven more by aggressive selling pressure. Interestingly, the 0.97 area is the lowest since November 2025. CryptoOnchain explains that this is not a temporary reaction to price action, but rather shows a larger change in sentiment among Ethereum futures traders over the past month.
What does ETH price mean?
A decrease in the Taker Buy Sell ratio to 0.97 does not guarantee an immediate sell. More precisely, it shows that bears are more likely to profit from Ethereum in the short term. If this bearish pressure is absorbed by spot demand, no selling will occur. On the other hand, if the demand for key support levels is not met If Ethereum cushions its decline, the second-largest cryptocurrency could fall even further.
Additionally, sudden influxes of demand can cause futures markets to remain extremely bearish. In the Ethereum market, selling positions using leverage may be extinguished, causing selling pressure that causes the price to rise with momentum.
Therefore, the Ethereum market is still in a very unstable phase. This is because the price can move with high momentum in either direction depending on what happens first. Therefore, market participants are advised to study the charts carefully. As of this writing, Ethereum is worth $2,085, up slightly by 1.7% from the previous day, according to data from CoinMarketCap.
Featured image from Flickr, chart from Tradingview
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