Ethereum prices have performed very roughly over the past week, falling below $4,500, above the normal range, above $4,600. Despite bullish momentum being injected into the market due to the US Federal Reserve interest rate cuts, “Altcoins King” was unable to maintain its $4,600 local gathering.
Ethereum prices could be preparing even longer in the cold, as investors appear to be turning their backs on cryptocurrency, the second-largest market capitalization, according to the latest on-chain data. But the question is how deep ETH prices will be in the coming weeks.
Is there a risk that ETH prices will go back to $1,500?
In a recent post on social media platform X, pseudonymous crypto analyst DarkFost revealed that Ethereum investors may be exposed to flooding from the market at this time. This observation is based on the recent recession in ETH Taker’s buy and sell ratio for the world’s largest crypto exchange by trading volume.
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Taker Buy-Sell Ratio is an on-chain indicator that compares the amount of taker purchases and taker sales in Crypto Exchanges. If this metric is greater than 1, it indicates that taker purchases are higher than crypto exchange taker sales. This trend usually indicates that more traders are willing to buy coins at a higher value on trading platforms.
On the other hand, one value of Taker’s buy-sell ratio usually means that Taker’s sales volume is higher than the buy-sell volume on the exchange. Ultimately, this low value indicates that more sellers are offloading their assets at lower prices, causing bear pressure in the market.
According to Cryptoquant data, the Ethereum Taker Buy-Sell ratio fell below one threshold of Friday, September 19th to about 0.87.
As observed in the chart above, DarkFost noted that the indicator fell to 0.85 in January and February 2025. This decline in ratio coincided with a bearish trend that saw Ethereum prices fall to an area of $1,500.
At the time of publishing the post on X, DarkFost revealed that the seven-day average of Taker Buy-Sell ratio is 0.93. On-chain analysts concluded that more investors appear to be betting more and more on Altcoin’s rally while Ethereum prices are about to surpass the $5,000 milestone.
While we rarely see the first quarter recession of 2025, the latest on-chain event suggests that ETH prices could still face bear pressure in the coming weeks.
Ethereum prices are at a glance
At the time of writing, ETH priced around $4,475, reflecting just 0.4% leap over the past 24 hours.
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