Ethereum Bullish Or Bearish? What Futures Market Data Says
Summary
The Ethereum futures market data suggests a recent surge in the Taker Buy Sell Ratio, indicating a shift towards a bullish sentiment. The 14-day SMA Taker Buy Sell Ratio has rapidly increased, coinciding with a surge in the asset's price. The CME Group's dominance in the calendar futures market for Ethereum and Bitcoin has also grown, with 83% and 65% Open Interest dominance, respectively. Ethereum's price currently hovers around $3,400.
