Ethereum is pushing toward $2,200 amid broader market uncertainty. A technical signal in the derivatives market, not seen since 2023, has emerged as the price tests a significant level. The signal originates from the ETH Taker Buy Sell Ratio on Binance, which processes more than a third of all ETH open interest globally.
This ratio measures whether buyers or sellers are dominating perpetual contract activity on the exchange. After an extended period of seller control, the metric has returned above 1.0, indicating buyer dominance. It has held there for several consecutive days, with a monthly average of approximately 1.016.