The crypto space has been filled with an air of optimism over the past few months. Ethereum's price has been rising consistently and is currently traded close to the $2,000 mark. However, the reading of the Taker Buy Sell ratio for ETH futures displays a worrying signal.

The Taker Buy Sell ratio is a valuable metric in determining sentiment of the futures market. A score of above zero means that traders are more bullish, while a negative number indicates more bearishness. Currently, the score of this ratio has dropped below zero, suggesting that a pullback or even a reversal could be in the near future.

In addition to this signal, the price on the daily timeframe has been consolidating above the higher boundary of the large symmetrical triangle pattern and the broken $1800 resistance level. Although the bulls are still in control, indicated by RSI values above 50%, the cryptocurrency is struggling to surge towards the important $2300 resistance area.

Furthermore, a bearish pullback could be on the high field in the short term, with the $1800 level possibly providing support. If a reversal does occur, the market should break back above the $1850 level in order for the bullish momentum to resume.

As such, traders should keep a close eye on the Taker Buy Sell ratio, alongside the other indicators, in order to assess the Ethereum market situation and determine decision-making. Whatever the result, only time will tell if Ethereum will be able to break above the all-time high of $2,042 set in January 2018 and start a new, longer-term bull run.



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