ETH trader sentiment just reached its most bearish level since the 2023 bear market, reported CryptoQuant analyst \u2018Darkfost\u2019 on Tuesday.\u00a0The metric has been measured using the Binance taker buy\/sell ratio, which has fallen back to levels not seen since September 2023, when ETH had fallen to $1,600.<\/p>\n
\u201cThis highlights how much trader sentiment toward Ethereum has deteriorated over recent weeks.\u201d<\/p>\n
The weekly ratio has fallen to 0.91, which means sellers are dominating Binance futures order books. \u201cIn other words, aggressive sell orders are significantly outweighing buyers,\u201d they said<\/a>.<\/p>\n Ether has traded in a broad range for the past five years, but it remains weak at the lower bounds of this range despite solid fundamentals<\/a>, which is not a healthy sign.<\/p>\n \u201cAlthough these situations remain difficult to anticipate precisely, a market positioned too heavily in one direction can sometimes create the conditions for a sharp move against consensus.\u201d<\/p>\n Analyst \u2018Daan\u2019 observed on Wednesday that ETH had returned to a major support\/resistance level \u201cafter messy price action the past month.\u201d<\/p>\n \u201cThis level, just like $2.8K, has proven very actionable and important for ETH over the past few years,\u201d he said. Losing this level could send Ether back below $2,000 again.<\/p>\n $ETH<\/a> After messy price action the past month, it is now back at the major $2.1K support\/resistance level.<\/p>\n This level, just like $2.8K, has proven very actionable and important for ETH over the past few years.<\/p>\n Definitely an area to look at closely. A bounce & higher low here\u2026 pic.twitter.com\/fRlAnmkT7V<\/a><\/p>\n \u2014 Daan Crypto Trades (@DaanCrypto) May 19, 2026<\/a><\/p>\n\n \u201cEthereum is retesting its rising trendline support while momentum indicators continue printing weakness,\u201d said<\/a> trader Kamaran Asghar.<\/p>\n \u201cThe structure is still holding for now, but sellers are gaining pressure. If ETH loses this level cleanly, a bigger move down could follow fast.\u201d<\/p>\n Macro trader Rafaela Rigo remained ultra bearish, telling<\/a> her 164,000 X followers, \u201cI am still highly expecting ETH to reach $800 during this bear market,\u201d calling for a major market reset.<\/p>\n The outlook is not pretty with Ether losing 8% over the past seven days, and falling to an intraday and six-week low just below $2,100 in late trading on Tuesday.<\/p>\n There has been no attempt at recovery despite positive news from the United States, as the Senate advanced a bill to potentially end the war in Iran.<\/p>\n $2,000 is the next support zone, and it is painfully obvious what happens if that level breaks. Its previous low on Feb. 6 was just above $1,800.<\/p>\n The post Ether Trader Sentiment Falls to Lowest Level in 3 Years as Bearish Calls Mount<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" ETH trader sentiment just reached its most bearish level since the 2023 bear market, reported CryptoQuant analyst \u2018Darkfost\u2019 on Tuesday.\u00a0The metric has been measured using the Binance taker buy\/sell ratio, which has fallen back to levels not seen since September 2023, when ETH had fallen to $1,600. \u201cThis highlights how much trader sentiment toward Ethereum […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-167969","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/167969"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=167969"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/167969\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=167969"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=167969"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=167969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}ETH Price Outlook<\/h2>\n