Ethereum (ETH) Bulls Regain Strength as Buying Pressure Hits Monthly High
By: beincrypto|2025/05/04 12:30:01
0
Share
The leading altcoin ETH has bucked the broader market downturn over the past 24 hours, posting modest gains of around 1%. At press time, the coin trades at $1,842.This comes as a key momentum metric — the taker buy-sell ratio—surges to its highest level in 30 days, signaling renewed bullish pressure in the asset’s futures market.Traders Eye ETH Upside as Buy Pressure and BuildAccording to CryptoQuant, ETH’s taker-buy-sell ratio is currently at 1.08, marking its highest value since early April.Ethereum Taker Buy Sell Ratio. Source: CryptoQuantThis metric measures the ratio between the buy and sell volumes in ETH’s futures market. A value above 1 suggests that more traders are aggressively buying ETH contracts than selling, while values below 1 indicate dominant sell pressure. At 1.08, ETH’s taker buy-sell ratio clearly tilts in favor of buyers, reflecting increasing confidence among traders that prices may continue rising.Moreover, the altcoin’s Relative Strength Index (RSI) continues to trend upward, supporting this bullish narrative. At press time, it is at 58.39 and climbing. Ethereum RSI. Source: TradingViewThe RSI indicator measures an asset’s overbought and oversold market conditions. It ranges between 0 and 100, with values above 70 indicating that the asset is overbought and due for a decline. Conversely, values under 30 signal that the asset is oversold and could witness a rebound. ETH’s RSI reading confirms the strengthening bullish bias toward the altcoin, reinforcing the view that it could be primed for further upside.ETH Builds Strength Above Short-Term SupportAt its current price, ETH rests above its 20-day exponential moving average (EMA), which forms dynamic support below its price at $1,770. The 20-day EMA measures an asset’s average price over the past 20 trading days, giving weight to recent prices. When an asset trades above this key moving average, it signals short-term bullish momentum. This indicates that recent prices are trending higher than the average over the past 20 days. Traders often view this as a sign of underlying strength or an early uptrend.Therefore, ETH could maintain its rally toward $2,027 if buying pressure gains momentum. Ethereum Price Analysis. Source: TradingViewOn the other hand, if buying activity wanes, the coin could lose recent gains, break below the 20-day EMA, and fall toward $1,385.The post Ethereum (ETH) Bulls Regain Strength as Buying Pressure Hits Monthly High appeared first on BeInCrypto.
You may also like
Whales bought 270,000 BTC while ETFs bled $7 billion. One side is wrong
The crypto IPO class of 2025-26 is down as much as 89%. Autopsy of a listing boom
Robinhood Chain Mining Guide: A Comprehensive Tutorial from Cross-Chain to Memecoin
BitGo CEO says single-digit percentages of bitcoin's supply are 'probably right' for large holders amid Strategy's sale
Beyond Private Keys: How to Safeguard the Security Boundaries of Web3 from Wallets, L2 to Supply Chains?
Vanguard Enters the Market, Opening a New Crypto Gateway for 50 Million Traditional Investors
Why the OUSD Alliance of 150 Companies Still Cannot Shake USDT and USDC?
Citigroup Analysis: Is There Still 47% Upside for Nvidia? Can Rubin and CPO Deliver?
WEEX API Fast Connect: Turn Every Sign-In Into a Live Trader in Under 10 Seconds
WEEX API Fast Connect is a one-click OAuth authorization system that lets your users link their WEEX account without ever touching an API key. Frictionless onboarding, faster conversions, higher retention — built for WEEX Broker partners.
Bitcoin's dwindling exchange reserves don't pack the same bullish punch anymore
From Le Mans to the Rollercoaster: Carl Moon Takes On Portimão
Crypto world renowned KOL and racing driver Carl Moon, backed by WEEX, heads to the Ferrari Challenge Portugal round at the Algarve International Circuit, July 16–19, fresh off a podium finish at Le Mans. Here's why this race is one to watch.
Fast execution. Split-second accuracy. Security that never blinks. That's WEEX — and that's exactly how Carl races.
The Downfall of a Public Company: A $1.46 Billion Bet on WLFI, $540 Million Went to the Trump Family
Dragonfly Partner: BTC is Intergenerational Wealth, Optimistic About ETH and SOL
Goldman Sachs Calls to Go Long on Chinese AI: $4 Trillion Market Value Behind, Global Funds Only Allocated 1.2%
The New Landscape of Cryptocurrency in Europe: Why Germany Takes Center Stage?
Robinhood vs xStocks: Stock Tokenization Shouldn't Just Focus on Ticker On-Chain
Nexo launches crypto card in Argentina as Latin America push grows
Bank of America: Nvidia's Forward P/E Falls to 7-Year Low, Market Paying for a Non-Existent Risk
Whales bought 270,000 BTC while ETFs bled $7 billion. One side is wrong
The crypto IPO class of 2025-26 is down as much as 89%. Autopsy of a listing boom
Robinhood Chain Mining Guide: A Comprehensive Tutorial from Cross-Chain to Memecoin
BitGo CEO says single-digit percentages of bitcoin's supply are 'probably right' for large holders amid Strategy's sale
Beyond Private Keys: How to Safeguard the Security Boundaries of Web3 from Wallets, L2 to Supply Chains?
Vanguard Enters the Market, Opening a New Crypto Gateway for 50 Million Traditional Investors
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com


