ETH derivatives show strong buyer dominance, leading traders to target $2,500 to $2,600 as the next crucial rally.
Ether (ETH) futures on Binance have risen to a near two-month high as aggressive buyers stepped into the market over the past week. Buy-taker volume rose above $5 billion, and the current setup suggests the ETH rally is poised to continue.
On Binance, the 24-hour cumulative net taker volume reached $5.5 billion, rising 72% from $3.2 billion earlier in the month. The metric tracks the difference between market buy and sell orders, indicating 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 the buying spikes near local highs, it signals stronger conviction from participants. The sustained demand of this kind often keeps buyers in control of the short-term price direction.
Related: The quantum gap: Why Bitcoin and Ethereum are taking different paths on security
The ETH price is compressing under the $2,400 level, a resistance that has been tested three times since Feb. 6. Each rejection has reduced the density of the overhead sell orders. A clean move above this level exposes the $2,475–$2,634 range, where a daily fair-value gap lies.
The gap formed during February’s sell-off marks an area where price moved quickly, leaving unfilled orders. ETH’s price may revisit these zones to rebalance flows as the momentum builds.
Ether is also attempting to reclaim the 100-day exponential moving average (EMA), a level associated with trend-continuation phases. The stability above this trend would reinforce the upward rally. The 200-day EMA is drifting toward the upper end of the imbalance zone near $2,634, creating a technical overlap with liquidity.
The derivatives positioning adds context. The futures cumulative volume delta (CVD) 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–$2,634 zone in focus as a near-term liquidity cluster.
Related: Singapore’s OCBC launches tokenized gold fund on Ethereum and Solana
This article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research before making any decisions. Cointelegraph makes no guarantees regarding the accuracy or completeness of the information presented, including forward-looking statements, and will not be liable for any loss or damage arising from reliance on this content.
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