#加密市场回暖 After the Ethereum Fusaka upgrade, market sentiment has shifted significantly, and the buy-sell ratio has reached a four-month high, with rebound signals becoming increasingly clear!
Ethereum recently completed the Fusaka network upgrade, and the market responded swiftly and positively. Latest data shows that after the upgrade, Ethereum's taker buy-sell ratio surged sharply, rising to 0.998 on December 3, marking the highest level since early August.
This change clearly indicates that buyers are actively entering the market, and sentiment has shifted noticeably from the previous downturn.
The ratio rebounded strongly from its previous low of 0.945, reflecting that futures traders see the Fusaka upgrade as a major bullish catalyst and are actively building long positions.
Although the current ETH price is still fluctuating around $3,130, the upward momentum of the buy-sell ratio has significantly surpassed price volatility, forming a leading indicator with predictive significance.
Analysts point out that if the buy-sell ratio continues to rise and breaks through the psychological threshold of 1.0, it would further confirm that the market correction since November has ended, and could push Ethereum’s price to test $3,500, with a medium-term target even looking toward $4,000.
The reason this upgrade quickly translated into market confidence lies mainly in the substantial improvements it brought to network structure and efficiency. Investors are taking concrete actions to express their recognition of Ethereum’s ongoing evolution, creating a positive interaction between technical upgrades and market sentiment.
Overall, the rapid recovery of the buy-sell ratio resonated with the completion of the upgrade, sending a positive signal of a stage bottom.
As market sentiment continues to warm, Ethereum is expected to usher in a more sustained rebound!#加密市场观察
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
#加密市场回暖 After the Ethereum Fusaka upgrade, market sentiment has shifted significantly, and the buy-sell ratio has reached a four-month high, with rebound signals becoming increasingly clear!
Ethereum recently completed the Fusaka network upgrade, and the market responded swiftly and positively. Latest data shows that after the upgrade, Ethereum's taker buy-sell ratio surged sharply, rising to 0.998 on December 3, marking the highest level since early August.
This change clearly indicates that buyers are actively entering the market, and sentiment has shifted noticeably from the previous downturn.
The ratio rebounded strongly from its previous low of 0.945, reflecting that futures traders see the Fusaka upgrade as a major bullish catalyst and are actively building long positions.
Although the current ETH price is still fluctuating around $3,130, the upward momentum of the buy-sell ratio has significantly surpassed price volatility, forming a leading indicator with predictive significance.
Analysts point out that if the buy-sell ratio continues to rise and breaks through the psychological threshold of 1.0, it would further confirm that the market correction since November has ended, and could push Ethereum’s price to test $3,500, with a medium-term target even looking toward $4,000.
The reason this upgrade quickly translated into market confidence lies mainly in the substantial improvements it brought to network structure and efficiency. Investors are taking concrete actions to express their recognition of Ethereum’s ongoing evolution, creating a positive interaction between technical upgrades and market sentiment.
Overall, the rapid recovery of the buy-sell ratio resonated with the completion of the upgrade, sending a positive signal of a stage bottom.
As market sentiment continues to warm, Ethereum is expected to usher in a more sustained rebound!#加密市场观察