Due to the decrease in the buy/sell ratio, Ethereum will continue to bear bearish pressure In the widespread market crash in early August, the value of Ethereum (ETH) fell by about 30%, falling to around $2,226 per unit. It is worth noting that in the past few weeks, this well-known altcoin has shown strong resilience, climbing back to the $2,600 price range. However, the recent price retreat has brought uncertainty about how long Ethereum can maintain this pump momentum. Commenting on this, analyst ShayanBTC speculated that Ethereum may recover its falling trend. In Saturday's post, ShayanBTC shared that the buyer/seller ratio indicated that Ethereum may further decline in the next few days. To explain, the buyer/seller ratio is an analytical tool used to measure the balance between aggressive buying and selling activities. It is calculated based on the number of buyer orders and seller orders received. Like other indicators, if the buyer/seller ratio is higher than 1, it indicates an upward trend in the market, with buyers being more aggressive than sellers. Conversely, if the buyer/seller ratio is less than 1, it indicates downward pressure in the market, with the opposite situation. According to the data of ShayanBTC, after failing to break through the price resistance level of $3000, the buyer/seller ratio of ETH has sharply decreased, which can be seen from the asset's price movement. As expected, the indicator also experienced a rebound after the recent pump in ETH price. Nevertheless, the buyer/seller ratio cannot exceed 1 and remains in the zero area, indicating a lack of sufficient buying pressure, allowing sellers to maintain control of the market. However, the report stated that the TakerBuy/Sell ratio has once again decreased, indicating that sellers are preparing to dumping assets, which may lead to a drop in Ethereum prices. Analysts are calling for caution and pointing out that the ETH market needs a significant increase in demand to avoid another price drop. According to the data, the current trading price of Ethereum is $2,610, rising 0.61% in the past day. However, the performance of the asset over a larger time frame is still unsatisfactory, falling 23.93% in the past month. With continued rise, the most prominent altcoin will encounter early resistance in the $2,700 price range. If the buying pressure is strong enough, ETH may break through this barrier and rise to $3,000. On the other hand, as indicated by the Taker buy/sell ratio, significant dumping pressure may force the asset price to fall to $2,300. (Data Source: Semilore Faleti)

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