🧐 Ethereum Trading Sentiment Optimistic, Is $4000 Within Reach?
With the general price rebound in the cryptocurrency market expected in 2025, Ethereum has surged over 10% in the past week. Trends in investor activity data indicate that bullish sentiment is rising, and prices are expected to continue increasing in the short term.
In a Quicktake post by CryptoQuant, market analyst ShayanBTC suggested that the Ethereum market may experience further price increases based on the Taker buy/sell ratio. The Taker buy/sell ratio is an important trading indicator that measures the balance between aggressive buying and selling in the futures market.
This ratio is typically used to gauge market sentiment, showing whether buyers or sellers are more active in market orders. A ratio above 1 indicates buyer dominance, while a ratio below 1 indicates significant selling pressure. As Ethereum rebounds from above $3000, this ratio has recorded a substantial increase in market buy orders, suggesting traders anticipate a price rise in the short term.
If Ethereum bulls can maintain the current upward trend, prices are expected to return to $4000, which is also its next significant resistance level. ShayanBTC noted that to confirm a bullish trend, the Taker buy/sell ratio must be above 1, indicating that buyers are in control of the market.
Additionally, cryptocurrency analyst Michaël van de Poppe analyzed that the altcoin market recently retested previous key support levels. However, with the full arrival of altcoin season, these altcoins are currently in a bullish uptrend.
At the same time, as expectations for the current bull market cycle continue to rise, van de Poppe also predicts that the market capitalization of altcoins may reach a valuation of $2 trillion during altcoin season.
As the largest altcoin by market capitalization, Ethereum is likely to play a significant role in stimulating and guiding the bullish momentum of the altcoin market during this period.
Currently, Ethereum's trading price is $3609, with a 24-hour gain of 0.61%, but daily trading volume has decreased by 26.14% to $15.69 billion.
In summary, as market sentiment warms, investors are filled with anticipation about the possibility of breaking through the $4000 barrier. The upcoming market direction is worth our widespread attention.
What are your thoughts on Ethereum's upcoming trend? Do you believe Ethereum can drive the potential prosperity of the entire altcoin market?
