Ethereum drew more than $1 billion in Binance taker buy volume within one hour as ETH fell below $2,300, according to a CryptoQuant chart shared by analyst Darkfrost on X. The spike followed a rebound above $2,450 and a correction of roughly 10%, while the Federal Reserve kept rates unchanged at 3.5% to 3.75%. Darkfrost said Ethereum remained in a range structure, even as traders stepped into the pullback.
The CryptoQuant chart tracks ETH taker buy volume across Binance, BitMEX, Bybit, Deribit, HTX, and OKX. It also plots the ETH price against the same period.
Binance showed the largest buying spike on April 29. The green bar rose above $1 billion, marking the strongest exchange-side buy flow shown on the chart.
The move came as ETH traded below the $2,300 zone. According to Darkfrost, that level reignited interest among traders after the recent correction.
OKX also showed nearly $20 million in buying flows during the same one-hour period. The figure remained far below Binance’s volume but still showed renewed activity.
Other exchanges on the chart showed smaller taker buy volume during the period. Binance dominated the visible spike, while BitMEX, Bybit, Deribit, HTX, and OKX stayed lower.
Even so, the combined exchange view showed buyers returning during weakness. The chart placed this move after ETH’s sharp retreat from its recent rebound.
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Darkfrost said Ethereum still traded within a range structure. The chart showed ETH moving between roughly $2,200 and $2,450 during the displayed period.
The latest spike followed earlier volume surges around April 22 and April 27.
The move also came after the Federal Reserve kept interest rates unchanged. According to Darkfrost’s summary, the Fed also pointed to possible short-term inflation pressure from rising energy prices.
Darkfrost described the tone as relatively hawkish. Still, the analyst said some market participants appeared willing to bet on a stronger short-term outlook for Ethereum.
At the same time, the latest taker buy surge showed aggressive long-side activity at lower price levels. Binance led that activity, while OKX added a smaller parallel signal.
Ethereum’s latest pullback below $2,300 triggered strong buyer activity, with Binance recording more than $1 billion in taker buy volume. OKX also saw fresh buying flows, while ETH remained within a range structure after the Fed held rates steady. Traders now watch whether demand can support a short-term rebound.