Ethereum (ETH) Taker Buy-Sell Ratio Climbs to 1.11 on Binance as Buying Builds

Binance Taker Ratio Reaches 1.11

Buying pressure in the Ethereum (ETH) market strengthened early Monday, with the taker buy-sell ratio on Binance spot climbing to roughly 1.11 while the asset changed hands near $2,400. The metric, which compares aggressive market orders that buy against those that sell, moves above 1 when takers lift the offer side more often than they hit the bid — a sign traders are paying up for immediate execution rather than waiting. ETH's ratio had spent recent sessions swinging between the low 1.10 range and sub-1 readings, a picture of evenly matched flows, so the renewed push to 1.11 points to market buyers re-engaging around the prevailing price rather than a wholesale shift in control. Our read of the order flow is that a single print like this confirms intent but not yet trend: the ratio would need to hold above 1 alongside rising volume and price gains for the short-term momentum case to firm. Should it slip back below parity repeatedly while price weakens, the latest buying edge likely reflects a temporary supply-demand adjustment. Analyst Ted added that most upper-side liquidity has already been consumed, leaving a smaller liquidity pocket near $2,600, while the $1,800-$2,200 range holds heavier long-position liquidity should validator-era volatility expand; he assessed the odds of ETH printing a fresh low as low.

Derivatives Volume Jumps 33%

The strength carried into Monday's session. Ethereum traded up 0.25% at $2,508.95 as of 03:00 UTC, recovering from the $2,400 area where the taker surge was first registered, while Bitcoin eased 0.05% to $79,859.31. Ethereum's market share rose 0.03 percentage points to 11.29% as Bitcoin's fell 0.08 points to 59.11% — a rotation profile that steers capital toward the altcoin complex, where XRP slipped 0.29%, BNB fell 2.02%, Solana gained 1.30% and TRON added 0.57%. Derivatives activity expanded sharply: 24-hour futures and options volume jumped 33.07% to roughly $541.7 billion, indicating traders positioned aggressively for short-term volatility. The smart contract economy ran hot as well, with DeFi market capitalization at $81.0 billion and DeFi volume up 21.34%, while stablecoin market capitalization reached $284.1 billion on volume that grew 13.10% — parked capital feeding near-term trading demand. Total crypto market capitalization stood near $2.71 trillion on $70.4 billion of spot volume. Institutional usage keeps compounding in the background: JPMorgan's Kinexys unit has processed $3 trillion on Ethereum-linked rails, underscoring why the asset securing its proof-of-stake network remains a core treasury allocation.

ETH Leads Net Outflows

Flow data adds a more cautious counterpoint to the derivatives enthusiasm. Aggregate net-flow tracking for the 24 hours through 03:00 UTC shows Ethereum recorded the largest net outflow of any tracked asset: roughly $710 million of inflows against $747 million of outflows, a net exit of about $37.1 million. Bitcoin was not far behind at a net outflow of $34.7 million, and USDT saw $36.2 million leave, while USDC was essentially balanced at a $2.5 million net outflow. The outflow ledger ranked SAHARA fourth at $29.3 million and USD1 fifth at $11.9 million. On the inflow side, ZEC drew the biggest net addition at approximately $26 million, followed by SOL at about $10.3 million, with PROM, FDUSD and USDG rounding out the top five; BNB stood out among outflows at roughly $9.7 million. The pattern suggests traders rotated proceeds out of large-cap positions — ETH among them — into smaller, higher-beta names during the session, even as ETH's spot price held its ground above $2,500. Readers tracking the market in real time can follow live spot and futures prices on Bybit.

$2,478 Support, $2,565 Ceiling in Focus

Supply-side and fund-flow data reinforce the buying picture. Analyst Ali Martinez reported that more than 116,000 ETH — roughly $300 million worth — left exchange wallets in the 48 hours through Saturday, a shift typically read as reduced immediate sellable supply, with Martinez noting the rapid decline in exchange balances could set the stage for a large price move. Spot Ethereum ETFs also closed the week positive, drawing about $215.3 million in net inflows across the five sessions from August 31 to September 4. The week opened with $87.6 million on August 31 and $8.6 million on September 1, flipped to a $48.2 million net outflow on September 2, then rebounded with $141.4 million on September 3 — the strongest single day — and $25.9 million on September 4. In the final session, BlackRock's ETHA took in $57.8 million and ETHB added $16.4 million, while Fidelity's FETH saw $48.3 million exit.

Fresh technical and on-chain readings point to a market coiling rather than trending. Daily RSI has cooled to 63.62 from overbought levels reached during the August advance, and the 4-hour ADX sits at 15.69 — below the 20 threshold that typically signals a weak trend — leaving ETH consolidating between roughly $2,450 and $2,530. Liquidation mapping via CoinGlass shows the heaviest nearby downside cluster around $2,430, with a secondary band at $2,450–$2,460, while leveraged upside liquidity concentrates between $2,520 and $2,550 and again near $2,600. Separately, analyst Ali Martinez cited Glassnode data placing about 2.86 million ETH of on-chain support at $2,475, and flagged a potential upside objective near $2,722 — though heavy supply between $2,723 and $2,822, where more than 10 million ETH previously changed hands, could cap any advance. Traders are also eyeing the Federal Reserve's September 15–16 policy meeting for shifts in risk appetite.

COINOTAG's proprietary 42-indicator composite S/R scoring engine frames the near-term battlefield: the $2,449.71 support scores 85/100, driven by a confluence of a Flip R→S transition, Ichimoku Tenkan, BB Middle and SMA 20, while the $2,543.40 resistance rates 77/100 on R1, Swing High, Fibo 0.000 and Donchian Upper confluence. Spot trades at $2,499.01, down 0.06% over 24 hours, with RSI at 63.24 but a bearish MACD signal inside a broader uptrend. Derivatives positioning skews mildly long — funding at -0.0007%, $10.05 billion in open interest and a 1.29 long/short ratio (56.3% long vs 43.7% short) — and a Fear & Greed reading of 71 flags rising greed. A sustained close above $2,543.40 confirms the bullish path; losing $2,449.71 invalidates it and exposes $2,191.65 (71/100). That pivot zone lines up with our earlier note that Ethereum (ETH) stalls near $2,500 as whale orders fade.