The Ethereum price may have seen a modest recovery late last week. However, the popular altcoin still reflects a broader bearish structure. Interestingly, a recent on-chain assessment has surfaced, which paints a bleak picture for Ethereum’s medium-term future, contrary to the supposed sustainable relief.
Taker Buy Sell Ratio plummets to November 2025 low
In a recent post on Take it quicklymarket analyst CryptoOnchain reveals that Ethereum derivatives traders are currently dominated by aggressive sellers, as indicated by the Ethereum: Taker Buy Sell Ratio on Binance, smoothed by the 30-day moving average.
For context, this metric measures whether aggressive market buyers or aggressive sellers dominate the ETH futures market, and specifically on Binance (the world’s largest 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.
In short, this means that there are more aggressive sellers than buyers. On the other hand, persistent numbers above 1.00 indicate that the futures market is currently dominated by aggressive buyers.
CryptoOnchain points out in its post that the readings are currently around the 0.97 level, indicating that Ethereum’s current price action is being driven more by aggressive selling pressure. Interestingly, the 0.97 zone is the lowest since November 2025. CryptoOnchain explains that this shows a larger shift in sentiment among Ethereum futures traders over the past month, rather than a temporary reaction to price action.
What it means for the ETH price
The drop in the Taker Buy Sell ratio to 0.97 does not guarantee an immediate sell-off; More precisely, it shows that the bears are more likely to benefit from Ethereum in the short term. In the event that this bearish pressure is absorbed by spot demand, no sell-off would occur. On the other hand, if demand falls short at key support levels As a buffer for Ethereum’s fall, the second-largest cryptocurrency could fall further.
Moreover, when a sudden demand injection occurs, the futures market simultaneously maintains its extremely bearish sentiment; the Ethereum market could experience a short squeeze, wiping out leveraged short positions, pushing prices upward with momentum.
Therefore, the Ethereum market is still in a very unstable phase, as prices can go in either direction, and with high momentum, depending on what happens first. Therefore, market participants are advised to enter the charts with caution. At the time of writing, Ethereum has a valuation of $2,085, which reflects a slight gain of 1.7% year-to-date, according to data from CoinMarketCap.
Featured image from Flickr, chart from Tradingview
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