According to Cryptoquant data, the Binance Ethereum Taker buy-sell ratio data shows a clear shift in market sentiment. The indicator climbed to 0.998 immediately after the Fusaka network upgrade on December 3, the highest level since early August, indicating that buyers are actively entering the market.
The ratio rallied strongly from the low of 0.945, indicating that futures traders are actively building long positions by viewing the Fusaka upgrade as a bullish catalyst. While ETH remains hovering around $3,130, the bid-ask ratio has risen faster than the price itself, forming a leading indicator.
Analysts pointed out that if the ratio breaks through the 1.0 mark, it will confirm the end of the November correction and could push the price towards the $3,500 and $4,000 targets. The positive market reaction to the Fusaka upgrade reflects increased investor confidence in the improvement of the Ethereum network.
Data: The transaction ratio of Ethereum Fusaka reached a new high in 4 months after the upgrade
2025-12-05 05:28:27
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