Ethereum price action is displaying a strong downtrend, marking a significant breakout from weeks of consolidation in a narrow price range. It is important to examine futures market indicators for a more in-depth look at market sentiment. This chart shows the 30-day moving average buyer-seller ratio, an important indicator that reveals the relative aggressiveness of buyers and sellers in executing their orders. This metric indicates bull market sentiment when values are above one, while values below one indicate bear market sentiment. The chart clearly shows the downward trend of the buyer-seller ratio over the last few months. It constantly fluctuates below the critical value of one, reaching an annual low. This consistent behavior highlights the dominant bearish sentiment among futures investors in the Ethereum market. Unless this current trend changes, the likelihood of further bearish price action remains high. For the price of Ethereum to begin a new uptrend, a change in behavior is required among futures traders, taking a more aggressive buying stance. This change is noticeable when the metric rises above one, a critical threshold, signaling a potential shift towards more bullish market sentiment.