The cumulative Ether taker volume on Binance reached 5.5 billion dollars this Thursday, April 23, 2026, representing a 72% increase since the beginning of the month. According to CryptoQuant data, this buying aggression positions the asset against a key liquidity gap at 2,600 dollars after overcoming critical resistances in recent days.
The net figure of market buy orders exceeded 5 billion dollars in the last 24 hours, consolidating a trend that began in March. Currently, the Ether price faces persistent technical resistance at 2,400 dollars, a level that has rejected three breakout attempts since February 6. However, current pressure suggests that sellers are exhausting their inventory on the world’s largest exchange.
In this context, the magnitude of the current volume has no close precedents in the current market cycle. Analysts observe that the 30-day average of the metric has remained in positive territory uninterruptedly for seven weeks. This situation reflects a buyer aggression that has returned to dominance levels not recorded since July 2022.
From a market perspective, the 72% jump in Ether taker volume indicates that market orders are rapidly absorbing passive liquidity. Amr Taha, a CryptoQuant analyst, points out that when this activity accelerates near local highs, it indicates robust conviction from participants among institutional and retail players. The constant absorption suggests that short-term price control remains in the hands of those executing direct purchases without waiting for deep pullbacks.
Price structure and the liquidity gap at 2,600 dollars
The current scenario shows price compression just below the 2,400 dollar barrier. Each previous rejection in this zone has served to clear the density of sell orders located immediately above the current price. If the asset achieves a stable daily close above this mark, the path is cleared toward the range between 2,475 and 2,634 dollars.
This specific zone corresponds to a “fair-value gap” originating during the massive liquidations that occurred in February. These liquidity holes usually act as magnets for the price, as they represent areas where the market moved so quickly that it left orders unexecuted. The search for balance in these capital flows is what motivates derivatives traders to set their targets near 2,600 dollars.
At the infrastructure level, this movement occurs while the market evaluates who really runs the protocol. Decisions regarding network development directly influence the value perception of large holders. Furthermore, the rise of Ethereum restaking has begun to drastically reduce the availability of circulating ETH on commercial exchanges.
The reduction of liquid supply on platforms, combined with increased net demand, generates upward pressure amplified by the blockchain architecture. On the other hand, derivatives data offers an additional layer of security for this week’s bullish trend. The Cumulative Volume Delta (CVD) in futures contracts has scaled to 12.6 billion dollars, confirming growing open interest.
Despite this increase in activity, funding rates remain at neutral levels as of this Thursday’s close. This suggests that leverage has not expanded excessively among retail traders. Instead, the market seems to be driven by spot buying and short position coverings forced by the lack of selling counterpart at support levels.
The sustainability of this movement will depend on Ether’s ability to reclaim the 100-day exponential moving average. Historically, this technical indicator has served as the boundary between lateral consolidation phases and bullish continuation trends. For its part, the 200-day average currently converges toward 2,634 dollars, coinciding exactly with the identified upper limit of the liquidity gap.
The next milestone for traders will be the weekly close next Sunday, April 26. Maintaining buying volume above 5 billion dollars would confirm that demand on Binance remains willing to absorb any pullback toward the 2,300 dollar support in the short term.
This article is for informational purposes and does not constitute financial advice.
