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Apr 11, 2026 upd. 8 Jun

Buyers dominate Binance ETH derivatives for first time since 2023

2 min

Buyer dominance returns in Binance ETH perps as price retests $2,200

Buyer flow flipped back on Binance’s ETH perps for the first time in nearly three years. Ethereum is pressing the $2,200 area.

Darkfost points to the ETH Taker Buy/Sell Ratio on Binance. The metric moved back above 1.0, with a monthly average near 1.016, and has held there for several days per CryptoQuant.

Binance carries over 37% of global ETH open interest. A flip on this venue reflects the largest share of leveraged positioning, not a side market source.

The setup last appeared in 2023. The shift is gradual, without blow-off spikes, which signals behavior change rather than a short squeeze source. Macro remains unresolved; Darkfost frames it as early-stage, not confirmation context.

  • Taker Buy/Sell Ratio above 1.0
  • Monthly average ≈ 1.016
  • Held over several days
  • Binance share of ETH OI > 37%
  • Last similar reading in 2023

Binance ETH Taker Buy/Sell Ratio — CryptoQuant

Price structure is improving but unconfirmed. ETH is pushing into $2,200–$2,250 after February’s capitulation, with a series of higher lows source.

The 50D MA is flattening, hinting at stabilizing momentum. ETH still trades below the 100D and 200D MAs, both declining, which keeps the broader trend bearish source.

Volumes align with a controlled rebound. The sell-off spike marked liquidations; the bounce has lower, steadier participation source.

Watch $2,200–$2,400. A clean break and hold would shift market structure toward the 100D MA. A rejection would mark another lower high in the broader downtrend source.

ETH consolidates near $2,200 — TradingView