Ethereum trading activity has increased across major exchanges, with Binance recording its highest Ethereum turnover since September 2025. The rise in trading volume suggests that market participants are active again.
Recent data indicates nearly 29.6 million ETH has been traded on Binance over the past 30 days, marking the largest turnover recorded on the exchange in six months.
Recent data shared by the Arab chain shows the 30-day Ethereum exchange liquidity ratio has climbed to 8.47. This metric measures the relationship between the total amount of ETH traded during a specific period and the overall supply of ETH held on the exchange.
Binance currently holds roughly 3.5 million ETH in exchange reserves, yet trading activity during the last month reached nearly 29.6 million ETH.
Elevated turnover levels have always occurred during phases of increased volatility or when investors rebalance their positions actively.
On the other hand, Ethereum is trading at $1,977.48 with 1.09% gain in the past 24-hours. The near-term bias remains mildly bearish as price holds below the 50- and 100-day EMAs.
The RSI on the daily chart at 43 drifts under the 50 line, indicating limited bullish momentum after the rebound faded.
Immediate resistance is at $2,027-$2,050, ahead of the channel top at $2,148, where the 23.6% Fibonacci retracement of the $3,402-$1,747 decline at $2,138 reinforces an important supply area. A daily close above this would weaken the bearish sentiment and expose the 38.2% retracement at $2,380.
On the downside, immediate support is seen near the $1,856 level, followed by the channel floor near $1,750, which aligns with the 0.00% Fibonacci level.
Ethereum is up around 2.5% over the last week and approximately 6% in the past two weeks. Despite this recent rebound, the asset remains nearly 9% lower over the past 30 days.
Analysts note that net taker volume in crypto derivatives markets has recently shifted back into positive territory after months of selling pressure.
Net taker volume tracks the difference between aggressive buy orders and sell orders. When this indicator turns positive following a prolonged negative phase, it often signals short covering and the unwinding of hedging strategies rather than new long-term buying demand.
Ethereum’s derivatives market can also display unusual patterns because the asset is frequently used as collateral in decentralized finance (DeFi) strategies.
Many traders maintain spot ETH holdings while simultaneously shorting perpetual futures contracts, creating a delta-neutral strategy that can generate persistent selling pressure in derivatives markets.
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be risky, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.