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Ethereum Maintains $5,000 Target by Year End Despite Pressure from Sellers
Recently, the Taker Buy Sell Ratio Binance has been hovering slightly below 1, indicating a seller dominant market structure. This creates short term downward pressure on Ethereum’s price. Especially around the $3.4K region, where the price has been consolidating, buyer momentum appears to have weakened. The dominance of sell orders in the market may further deepen the decline by reducing spot market buying appetite. At the same time, it could increase liquidation risks for long positions in the futures market. However, since the Taker Buy Sell Ratio remains close to the 1.0 level, this decline should be seen as a correction rather than the end of the uptrend. The selling pressure does not yet indicate panic; instead, it suggests controlled profit taking. In conclusion, the current metric shows that sellers still dominate the Ethereum market, which limits the upward momentum and suggests that the short-term correction could extend toward the $2,955 support level. I believe the price will find buyers around this level. The main trend remains upward, and I expect these buyers to potentially push the price toward $5,000 by the end of the year.