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Binance ETH investors turned bearish !
The Binance taker buy-sell ratio turned sharply hihgly negative on Ethereum while reaching 4k, a strong key resistance. This ratio has remained bearish since the beginning of November, indicating that Binance traders have been more inclined to sell than buy ETH. However, ETH continued its upward momentum, supported by a surge in ETH ETF demand during the same period. This highlights the growing influence of institutional interest in driving Ethereum’s price action, making it crucial to continue monitoring this trend.