Ether futures on Binance saw aggressive buyer activity, with the 24-hour cumulative net taker volume reaching $5.5 billion. This surge indicates buyer dominance, and analysts suggest the sustained demand could support a continuation of ETH’s rally. Traders are eyeing a potential move toward the $2,475 to $2,634 range, a key liquidity zone identified on charts.
Ether futures on Binance have risen to a near two-month high as aggressive buyers stepped into the market over the past week. The 24-hour cumulative net taker volume reached $5.5 billion, rising 72% from earlier in the month. This metric tracks the difference between market buy and sell orders, showing who is driving price action.
The 30-day average has stayed positive since March 1, returning to levels last seen in July 2022. The positive readings point to consistent buyer aggression. Crypto analyst Amr Taha explained that when buying spikes near local highs, it signals stronger conviction from participants.
The ETH price is compressing under the $2,400 level, a resistance that has been tested three times since February 6. Each rejection has reduced the density of the overhead sell orders. A clean move above this level exposes the $2,475 to $2,634 range, where a daily fair-value gap lies.
Ether is also attempting to reclaim the 100-day exponential moving average, a level associated with trend-continuation phases. The 200-day EMA is drifting toward the upper end of the imbalance zone near $2,634. The futures cumulative volume delta continues to climb toward $12.6 billion, while funding rates remain near neutral.
This indicates leverage has not expanded aggressively alongside price. The balance between buyers’ demand and measured leverage keeps the $2,475 to $2,634 zone in focus as a near-term liquidity cluster.
