Ethereum’s market buy/sell ratio has significantly increased, indicating a bullish sentiment among investors. This trend reflects heightened expectations for a short-term price increase, especially after bouncing back from the $3,000 support level.

Currently priced at $3,638.56, Ethereum has experienced a slight decline of 0.64% from the previous day. However, the notable rise in market buy orders in the futures market suggests that buying pressure is outpacing selling pressure. This situation is often viewed as a precursor to a bullish market.

• The rising buy/sell ratio has exceeded the critical threshold of 1.
• Analysts suggest that this trend could lead to a potential breakthrough of the $4,000 resistance level.
• This illustrates increasing investor confidence and supports the outlook for an upward trend in Ethereum’s price.

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