According to the chart, the 30-day moving average of Ethereum Taker Sell Volume on Binance has dropped to approximately $6.3B, marking its lowest level since May. This indicates a notable decline in aggressive selling activity driven by market sell orders.
A contraction in Taker Sell Volume at this scale reflects a reduced willingness among traders to sell at market price, signaling that active sell-side pressure has eased. From a market-structure perspective, this often suggests that short-term sellers are becoming less dominant, particularly following a corrective or bearish phase.
Importantly, a decline in taker sell activity does not automatically imply a bullish reversal. Instead, such conditions are commonly associated with price stabilization or consolidation, where directional bias depends on whether aggressive buyers re-enter the market.
Overall, the drop of the 30-day SMA in Taker Sell Volume to multi-month lows points to a clear weakening of downside pressure in Ethereum. However, confirmation of a trend shift would require complementary signals, such as rising Taker Buy Volume or increasing Open Interest.
Written by CryptoOnchain
