Ethereum's Taker Buy-Sell Ratio 14-day average has decreased, indicating increased selling activity.
Key resistance for Ethereum remains at $2,700, while strong support is seen around $2,200 if selling pressure persists.
Analyst Ted Pillows identifies a bullish pattern on the 12-hour chart, with a close above $2,700 potentially triggering a move towards $3,000.
Market analysis reveals that Ethereum is trading under a strong resistance zone, with uncertainty about a clear direction, as futures data offers insights into potential future movements.