Ethereum is testing resistance just below $2,400, caught between renewed buying interest and the lingering uncertainty that has defined the market for months. The price action looks tentative from the outside, but a CryptoQuant report points to something happening beneath the surface that the chart alone doesn’t show.
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According to the report, the 14-day moving average of Ethereum’s Taker Buy Sell Ratio on Binance has risen to 1.036, the highest since April 2021. That means buyers on Binance are not just present; they are outpacing sellers at a pace the market has not seen in more than four years.
What makes this figure really striking is the context in which it occurs. Ethereum has fallen from a peak of $4,700 in October 2025 to the current level of almost $2,300, a drop of more than 50%. That’s no small setback. That’s a half price correction.
But in the midst of that correction, aggressive buying pressure on Binance has quietly reached a multi-year high.
When the price falls sharply while buying intensity rises to historic levels, it creates a divergence that markets rarely ignore for long. The sellers currently control the price. The question the data raises is whether there is no longer enough room to keep it that way.
When the price drops and buyers become more aggressive, something usually changes
The Divergence of the CryptoQuant report highlights is one of the most compelling setups in recent Ethereum data. A Taker Buy Sell Ratio of more than 1 means that market buy orders are actively exceeding market sell orders; buyers don’t wait for sellers to come to them, they come to the demand. The fact that this aggression is at a four-year high while prices continue to fall is the contradiction that demands attention.
In most market conditions, aggressive buyers slow down as a correction deepens. Here the opposite happens. As Ethereum has moved further away from its October peak, buying intensity on Binance has increased rather than decreased. That kind of behavior generally does not arise from reactions of retail participants to price. It looks more like large entities are deliberately absorbing available sell-side supply at a discount – which analysts often describe as smart money, using weakness as a buying opportunity rather than a reason to take a step back.
The meaning of that dynamic is simple. Sellers can only sell what they have. If aggressive buyers continue to absorb that supply at the current rate, the pool of willing sellers will gradually shrink. When the price contracts enough, the price pressure that fueled Ethereum’s correction loses its fuel – and the setup for a reversal becomes structural rather than speculative.
That point has not yet been reached. But the data suggests the distance to it is closing.
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Ethereum is testing the USD 2,400 resistance as near-term momentum improves
Ethereum is approaching a critical resistance zone near $2,400, having steadily recovered from February’s capitulation low around $1,800. The chart shows a clear shift in the short-term structure: the price has moved from a series of lower highs and lower lows to a pattern of higher lows, indicating that buyers are gradually regaining control.
The recent move is supported by the 50-day moving average (blue), which has moved higher and is now acting as dynamic support. This is typically an early signal of momentum recovery. However, the broader trend remains unresolved. ETH is still trading below both the 100-day (green) and 200-day (red) moving averages, which continue to slope downward, reinforcing the presence of overhead resistance.
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The area between $2,300 and $2,400 is technically very important. It previously acted as support before the February crisis and is now being retested as resistance. A clear break and consolidation above this range would mark a structural shift and likely open the way to the $2,700-$2,900 region.
Volume remains relatively subdued compared to the February peak, suggesting the recovery is controlled rather than driven by aggressive inflows. This implies accumulation rather than speculation.
Failure to break resistance will likely extend consolidation between $2,000 and $2,400, delaying confirmation of a broader trend reversal.
Featured image of ChatGPT, chart from TradingView.com