Ether Trader Sentiment Falls to Lowest Level in 3 Years as Bearish Calls Mount

ETH trader sentiment just reached its most bearish level since the 2023 bear market, reported CryptoQuant analyst ‘Darkfost’ on Tuesday. The metric has been measured using the Binance taker buy/sell ratio, which has fallen back to levels not seen since September 2023, when ETH had fallen to $1,600.

“This highlights how much trader sentiment toward Ethereum has deteriorated over recent weeks.”