Analyzing Ethereum futures indicators provides us with valuable insights in addition to traditional price analysis. This chart shows the ticker bid-ask ratio, which is one of the most important indicators in the futures market. This index measures the aggressiveness of buyers towards sellers. The bid-ask ratio recently reached its lowest level in recent months, indicating significant selling pressure in the market. However, this index has since started to improve and is showing a slight increase. This means that buyers are trying to push the Ethereum price above the key resistance level of $2.8k. If this bullish trend in the ratio continues, this current corrective phase could continue in the short term. It is very important to keep a close eye on this index in the coming days to predict Ethereum’s next price movements. So pay attention to this indicator, friends!
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