PelinayPA2026-02-05

Ethereum Is Signaling a Bear Market

I believe it is especially important to track the Taker Buy/Sell Ratio (Binance) during downtrend periods, because this metric measures action, not expectation. Binance has the highest spot and derivatives liquidity and can be considered the main hub for institutional and whale activity. For this reason, a large portion of major price movements driven by big investors takes place on Binance. Taker Ratio data from smaller exchanges can be misleading. In short, the Binance Taker Ratio reveals the real price pressure in the market. On the chart, Ethereum’s Taker Buy/Sell Ratio is below 1 (around 0.94), indicating that sell side pressure dominates market orders. Buyers are waiting with limit orders, while sellers have already taken action. Both SMA(30) and SMA(50) short and mid term averages are also below 1, with no sharp upside breakout. This shows that the selling pressure is not temporary, but structural and persistent. With this data, even if ETH price moves upward, every rally is likely to be met with selling. There is a clear downward trend bias. Selling is aggressive, buying remains passive, and Ethereum is experiencing a true bear season. It is not difficult to say that this condition is likely to persist for a while longer.