Ethereum buyers return as Binance ratio rises above 1

  • Arab Chain said Binance’s Ethereum Taker Buy-Sell Ratio rose above 1 again.
  • Bitcoin fell below $80,000 at the start of the new week.
  • Ethereum dropped to around $2,390 before recovering above $2,500 in September’s first days.

Bitcoin fell below $80,000 at the start of the new week as Ethereum traded volatilely during the first days of September. ETH dropped to around $2,390 before recovering above $2,500, although it remains below that level. CryptoQuant analyst Arab Chain identified on-chain data (records from blockchain activity) showing renewed buyer participation, including a Binance Ethereum Taker Buy-Sell Ratio above 1. The indicator compares market-order buying and selling activity: readings above 1 mean buyers are acting more aggressively. Arab Chain said continued readings above 1 would indicate persistent buying demand and could support Ethereum’s price momentum, while stressing that the indicator alone does not guarantee an uptrend. The 1 level remains the key short-term threshold to monitor.

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