The worth of Ethereum had fairly a tough efficiency over the previous week, falling from its normal vary above the $4,600 degree to under $4,500. Regardless of the injection of bullish momentum into the market by the US Federal Reserve’s rate of interest lower, the “king of altcoins” did not maintain its rally again to the $4,600 area.
Based on the newest on-chain knowledge, the Ethereum worth might be gearing up for a good longer time within the chilly, as traders appear to be turning away from the second-largest cryptocurrency by market cap. The query, although, is how deep the value of ETH will fall within the coming weeks?
ETH Value At Danger Of Return To $1,500?
In a latest submit on the social media platform X, pseudonymous crypto analyst Darkfost revealed that the Ethereum traders is likely to be flooding out of the market in the intervening time. This statement is predicated on the latest downturn within the ETH Taker Purchase-Promote Ratio on the world’s largest crypto change by buying and selling quantity.
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The Taker Purchase-Promote Ratio is an on-chain indicator that compares the proportion of the taker purchase volumes to the taker promote volumes on crypto exchanges. When the worth of this metric is bigger than one, it alerts that the taker purchase quantity is greater than the taker promote quantity on a crypto change. This pattern sometimes factors to the willingness of extra merchants to buy cash at a better worth on the buying and selling platform.
In the meantime, a less-than-one worth for the Taker Buy-Sell Ratio sometimes signifies that the taker promote quantity is greater than the taker purchase quantity on the change. Finally, this low worth signifies that extra sellers are offloading their property at a lower cost, precipitating bearish stress out there.
Based on knowledge from CryptoQuant, the Ethereum Taker Purchase-Promote Ratio fell under the 1 threshold to round 0.87 on Friday, September 19. This newest decline marked the third time this metric has fallen this low to date in 2025.
As noticed within the above chart, Darkfost famous that the indicator fell as little as 0.85 in January and February 2025. This ratio decline coincided with the bearish pattern, throughout which the value of Ethereum fell to across the $1,500 area.
As of the time of publishing their submit on X, Darkfost revealed that the 7-day common of the Taker Purchase-Promote Ratio stood at 0.93, which continues to be in need of the 1 threshold. The on-chain analyst concluded that whereas the Ethereum worth is seeking to break above the $5,000 milestone, extra traders appear to be more and more betting towards the altcoin’s rally.
Though it’s extremely unlikely to see a downturn just like the one in 2025’s first quarter, the newest on-chain occasions counsel that the value of ETH may nonetheless face some bearish stress within the coming weeks.
Ethereum Value At A Look
As of this writing, the value of ETH stands at round $4,475, reflecting a mere 0.4% leap up to now 24 hours.
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Featured picture from iStock, chart from TradingView