A quant has explained how the indicators like taker buy/sell ratio and Coinbase premium index can influence the price of Ethereum.
Ethereum’s Relationship With Taker Buy/Sell Ratio & Coinbase Premium Index
In a new CryptoQuant quicktake post, an analyst has discussed some metrics that could hold relevance for the ETH price. The first indicator of interest here is the “taker buy/sell ratio,” which tells us about the ratio between the Ethereum buy and sell orders in the market right now.
When this metric has a value greater than 1, it means that the taker buy volume is higher than the taker sell volume. Such a trend implies that the majority of the investors are bullish on the asset currently.
On the other hand, values below the threshold naturally imply the dominance of bearish sentiment, as there are currently more sell orders present on exchanges.
Now, here is a chart that shows the trend in the 50-day moving average (MA) Ethereum taker buy/sell ratio over the past few years
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