According to Mars Finance, Cryptoquant data shows that Binance Ethereum Taker Buy/Sell Ratio indicates a significant 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 and signaling active buyer participation. The ratio rebounded strongly 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 buy/sell ratio is rising faster than the price itself, serving as a leading indicator. Analysts point out that if the ratio breaks above 1.0, it will confirm the end of the November correction and could push the price toward the $3,500 and $4,000 targets. The positive market reaction to the Fusaka upgrade reflects growing investor confidence in Ethereum network improvements.
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