Data: Ethereum buy-sell ratio hits 4-month high after Fusaka upgrade

Jinse Finance reported, according to Cryptoquant data, that the Ethereum Taker Buy/Sell Ratio on a certain exchange shows a clear shift in market sentiment. This indicator surged to 0.998 immediately after the Fusaka network upgrade on December 3, reaching its highest level since early August, indicating strong buying activity. The ratio rebounded sharply from a low of 0.945, suggesting that futures traders view the Fusaka upgrade as a bullish catalyst and are actively building long positions. Although the ETH price is still hovering around $3,130, the pace of increase in the buy/sell ratio has surpassed the price itself, forming a leading indicator. Analysts point out that if this ratio breaks through the 1.0 mark, it will confirm the end of the November correction and could push the price towards the $3,500 and $4,000 targets. The positive market response brought by this Fusaka upgrade reflects growing investor confidence in Ethereum network improvements.