Ethereum Taker Buy/Sell Ratio Is Rising Again — What It Means For ETH Price

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Related Reading: Here’s Who Has Been Driving The Bitcoin Price Recovery Above $65,000 On the flip side, a taker buy/sell ratio that is less than 1 suggests the buy volume for a cryptocurrency is greater than the sell volume.

The CryptoQuant analyst noted that if the taker buy/sell ratio continues on its upward trajectory, it could mean that the Ethereum bulls are taking over the market.

As shown in the highlighted chart, the 30-day simple moving average (SMA) of the Ethereum taker buy/sell ratio has consistently remained below the 1 threshold over the past few months.

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Article Details

Author / Journalist: Opeyemi Sule

Category: Crypto

Markets: United KingdomOman

Topics: Cryptoquant ETHUSDT Ethereum price Ethereum Ethereum Ether Eth price

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-29 @ 12:30:38 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 402 words

Reading Time: 3 minutes read

Sentences: 66 lines

Sentence Length: 7 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 22771382

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