Data: The Ethereum taker buy-sell ratio on Binance has reached its highest level since the beginning of 2023, indicating a return of bullish market demand

Cryptoonchain has released data on social media indicating that the 50-day simple moving average (SMA) of the Ethereum Taker buy-sell ratio on Binance has risen to 1.018, reaching its highest level since the beginning of 2023. A ratio above 1 indicates that the active buying volume significantly exceeds the active selling volume.

This data highlights the aggressive demand in the derivatives market and the strong return of bullish sentiment. If this momentum continues, it will build a solid fundamental basis for mid-term price increases.