Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»Is Ethereum going strong? This indicator is key
ALTCOIN NEWS

Is Ethereum going strong? This indicator is key

By Crypto FlexsApril 17, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Is Ethereum going strong?  This indicator is key
Share
Facebook Twitter LinkedIn Pinterest Email
  • Ethereum’s Taker Buy Sell Ratio is attempting to breach the center line in an uptrend.
  • However, bearish sentiment continues to grow.

Ethereum (ETH) The Taker Buy Sell Ratio is poised to cross the center line, indicating an increase in bullish sentiment due to recent market issues. CryptoQuant showed it

Taker Buy Sell Ratio is an indicator that measures the ratio between buy and sell volumes in the asset futures market.

A value greater than 1 means that the buying volume is greater than the selling volume, and a value less than 1 means that the selling volume is greater than the buying volume.

At press time, CryptoQuant data showed ETH’s Taker Buy Sell Ratio was 0.96.

Ethereum Taker Buy Sell Ratio - All Exchanges (SMA 30)

Source: CryptoQuant

Bear maintains control

Despite the surge in ETH’s taker buy-sell ratio, bearish sentiment remains significant, according to assessments on the coin’s spot and futures markets.

For example, ETH futures open interest fell to its lowest since February 28th. coin glass data. It has been on a downward trend since peaking at $15 billion on April 9.

As of this writing, ETH’s open interest stands at $11 billion, a plunge of 27% over the past seven days.

Open interest in an asset measures the value of futures contracts that have not yet expired.

A decline in this way means that market participants are closing positions and exiting the market rather than opening new positions.

Over the past week, ETH’s funding rate briefly turned negative on April 14th, when a significant number of market participants began trading against the price of the coin.

This is the first time ETH has recorded a negative funding ratio since the bull market rally began in October 2023.

Ethereum funding rateEthereum funding rate

Source: Coinglass

Key technical indicators observed on the daily charts of the spot market hinted at a possible decline below $3000 if the bearish sentiment persists.

ETH’s Awesome Oscillator, which measures market momentum, posted a downward red histogram bar at press time. This trend has been visible since April 13th.

A downward red bar on an asset’s Awesome Oscillator is often interpreted as a bearish signal, indicating increasing selling pressure.

Likewise, ETH’s Parabolic Stop and Reverse (SAR) reading showed a point forming an indicator above the price of the coin.


Read Ethereum (ETH) price prediction for 2024-25


The Parabolic SAR indicator is used to identify potential trend directions and reversals.

Ethereum 1 Day TradingViewEthereum 1 Day TradingView

Source: ETH/USDTradingView

When the dotted line is above the asset price, the market trend is considered bearish.

Previous: Dogecoin – ‘Not Elon Musk’ Buys $45 Million Worth of DOGE, Which Has Many Asking…

Next: BONK Drops Below Key Level: Will More Losses Soon Follow?

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Defi Surges, BTC Swings & Tradfi faces freezing: Daily encryption failure

August 28, 2025

Keepsolid launches KS COIN: Loyalty encryption through actual utility token benefits

August 14, 2025

XRP struggles for $ 3: Do Whale Offroads attract it lower?

August 7, 2025
Add A Comment

Comments are closed.

Recent Posts

Cango Inc. Announces August 2025 Bitcoin Production And Mining Operations Update

September 2, 2025

BitMine Immersion (BMNR) Announces Release Of August Investor Presentation And Latest Video Message From Tom Lee, Chairman

September 2, 2025

Pioneering AI Visionary Vincent Boucher & AGI Alpha Announce A Meta‑Agentic AGI Jobs Marketplace Platform

September 2, 2025

Meme Coin Little Pepe Raises Above $24M In Presale With Over 39,000 Holders

September 2, 2025

Bybit WSOT 2025 Attracts Quadruple Squads As $8M Main Competition Commences

September 2, 2025

Duration Of The Process And Important Nuances

September 2, 2025

PrimeXBT Launches “Empowering Traders To Succeed” Campaign, Leading A New Era Of Trading

September 2, 2025

Korean sleeves cut Tesla and pivot with encryption stocks.

September 2, 2025

Are you ready to token everything?

September 1, 2025

Sign Up And Get $500, Ushering In A New Era Of BTC, XRP, And DOGE Cloud Mining

September 1, 2025

Turning Social Hype Into Token Allocation

September 1, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Cango Inc. Announces August 2025 Bitcoin Production And Mining Operations Update

September 2, 2025

BitMine Immersion (BMNR) Announces Release Of August Investor Presentation And Latest Video Message From Tom Lee, Chairman

September 2, 2025

Pioneering AI Visionary Vincent Boucher & AGI Alpha Announce A Meta‑Agentic AGI Jobs Marketplace Platform

September 2, 2025
Most Popular

HashKey partners with TON Foundation to enable Toncoin cash conversion via Telegram

April 12, 2024

The gold-backed stablecoin market is still a niche market.

April 16, 2024

OKX, AGIX Token Migration Completed, AGIX Deposits Ended

July 7, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.