DeFi Daily News
Thursday, October 16, 2025
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home Cryptocurrency Ethereum

rewrite this title Ethereum Bears Loses Steam On Binance As Selling Pressure Weakens, Bulls Eyeing A Recovery? | Bitcoinist.com

Godspower Owie by Godspower Owie
April 7, 2025
in Ethereum
0 0
0
rewrite this title Ethereum Bears Loses Steam On Binance As Selling Pressure Weakens, Bulls Eyeing A Recovery? | Bitcoinist.com
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article


rewrite this content using a minimum of 1000 words and keep HTML tags

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Ethereum faced heightened selling pressure for a lengthy period due to the volatility in the broader crypto market, causing its price to undergo a sharp pullback close to the $1,400 mark. However, recent trends show that ETH seems to be entering a calmer phase as bulls are gradually taking control of the market in anticipation of a rebound.

Decreasing Ethereum Sell-Side Pressure On Binance

Although Ethereum’s price has declined sharply below key support levels, investors’ sentiment is starting to shift toward a more positive outlook. A report from Darkfost, an on-chain data and technical expert, reveals bullish behavior from investors on one of the world’s largest cryptocurrency exchanges, Binance.

As reported by Darkfost, ETH is showing early signs of a potential turnaround to a calmer phase on Binance, as selling pressure appears to be slowly fading. This suggests a decrease in the amount of ETH being offloaded by traders and investors on the platform, marking an encouraging moment for the altcoin and its price trajectory.

The drop in sell-side pressure on the crypto exchange is a sign that bears or sellers are losing control of the market after a period of intense downward movement in ETH’s price. Darfost revealed the development after a thorough examination of the Ethereum Taker Buy Sell Ratio metric on Binance. 

Ethereum
Sell-side pressure on Binance gradually dropping | Source: Darkfost on X

Specifically, the taker buy-sell ratio is a key metric that compares the volume of buy orders to the volume of sell orders in the order book. Furthermore, it aids in visualizing the prevailing tendency, which appears to be changing at the moment.

A 7-day Simple Moving Average (SAM) view of the taker buy-sell ratio shows that the volume has flipped into positive territory, rising above level 1. Looking at the chart, the recent move above the level marks the third time since the beginning of this year, indicating investors’ resilience in volatile periods.

In the meantime, the easing selling pressure may act as a launchpad for price stabilization or a price recovery in the short term as bullish momentum picks up. Darkfost highlighted that it might contribute to the formation of a bottom and, at the very least, temporarily stop the bloodbath in Ethereum if the pattern persists.

However, the expert noted that the trend is still too weak to make any clear conclusions, even though it is an encouraging sign for Ethereum’s price dynamics. Thus far, Investors are closely monitoring whether bulls can take advantage of the change and propel ETH toward a short-term recovery.

ETH Breaks Out Of A Multi-Year Pattern

The easing selling pressure might have raised the possibility of ETH experiencing a rebound in the short term. However, the altcoin‘s pullback is more likely to extend after its recent drop below a key chart pattern.

Following his examination of Ethereum’s price action, Ali Martinez, a seasoned crypto analyst, has identified a massive multi-year Triangle formation, which ETH has fallen below. According to the analyst, its break below the pattern would lead to an extension of the ongoing pullback, with ETH dropping as low as $1,105 in the upcoming months.

Ethereum
ETH trading at $1,494 on the 1D chart | Source: ETHUSDT on Tradingview.com

Featured image from Unsplash, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website [http://defi-daily.com] and label it “DeFi Daily News” for more trending news articles like this



Source link

Tags: BearsbinanceBitcoinist.comBullsEthereumEyeingLosesPressureRecoveryrewriteSellingSteamtitleweakens
ShareTweetShare
Previous Post

rewrite this title Is Apple the Next Nokia?

Next Post

rewrite this title Dr. Moreau’s House of Pain Noir has been released by Full Moon

Next Post
rewrite this title Dr. Moreau’s House of Pain Noir has been released by Full Moon

rewrite this title Dr. Moreau's House of Pain Noir has been released by Full Moon

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
Why Outlet Malls Are Struggling In The U.S.

Why Outlet Malls Are Struggling In The U.S.

July 16, 2024
rewrite this title Soulframe Joineries and reforging guide

rewrite this title Soulframe Joineries and reforging guide

July 28, 2025
Live Coverage of Triathlon Decision at Olympics 2024 as Beth Potter and Alex Yee Compete for Gold

Live Coverage of Triathlon Decision at Olympics 2024 as Beth Potter and Alex Yee Compete for Gold

July 31, 2024
rewrite this title Repair from Millions of Kilometers Away: How NASA Keeps the Mars Rovers Alive

rewrite this title Repair from Millions of Kilometers Away: How NASA Keeps the Mars Rovers Alive

September 29, 2025
Use rhino.fi to make payments with cryptocurrency and maintain your anonymity

Use rhino.fi to make payments with cryptocurrency and maintain your anonymity

August 14, 2024
rewrite this title Berkshire Hathaway to buy Occidental’s OxyChem for .7 billion, in Buffett’s biggest deal in three years

rewrite this title Berkshire Hathaway to buy Occidental’s OxyChem for $9.7 billion, in Buffett’s biggest deal in three years

October 2, 2025
Joe Rogan Experience #2394 – Palmer Luckey

Joe Rogan Experience #2394 – Palmer Luckey

October 16, 2025
rewrite this title Tony Burke Pushes Law to Control Hard-to-Trace Crypto ATMs

rewrite this title Tony Burke Pushes Law to Control Hard-to-Trace Crypto ATMs

October 16, 2025
rewrite this title Mortgage Rates Today, Thursday, October 16: A Noticeable Jump – NerdWallet

rewrite this title Mortgage Rates Today, Thursday, October 16: A Noticeable Jump – NerdWallet

October 16, 2025
rewrite this title The Daniels’ event film has found a new date on Universal’s release schedule

rewrite this title The Daniels’ event film has found a new date on Universal’s release schedule

October 16, 2025
I’m 53 Years-old and Have Nothing Saved For Retirement

I’m 53 Years-old and Have Nothing Saved For Retirement

October 16, 2025
rewrite this title Ready to talk to your PC? Here are all the upgrades coming to Copilot in Windows 11

rewrite this title Ready to talk to your PC? Here are all the upgrades coming to Copilot in Windows 11

October 16, 2025
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.