Ethereum longs build on Binance as ETH battles $2.4K wall

Ethereum (ETH) traders are leaning long on Binance, according to CryptoQuant analyst Rei Researcher. The shift comes as ETH trades near $2,256 after failing to clear the $2,400 resistance area.

CryptoQuant data shows Ethereum’s Taker Buy Sell Ratio on Binance is above 1. The metric also rose strongly through March and April 2026.

A reading above 1 shows stronger aggressive buying than selling. Rei Researcher said longs are now dominating short-term trading activity on Binance.

Open interest rises at slower pace

Ethereum open interest has increased slightly after the recent bottom. The analyst said new leverage appears to be flowing mainly into long positions.

However, open interest has not returned to earlier highs. This suggests traders are building exposure carefully, rather than taking heavy risk.

According to crypto.news data, Ethereum traded at $2,256.40 at the time of reporting. The asset fell 2.84% in 24 hours and 3.72% over the past week.

Daan Crypto Trades said ETH has slowly moved higher in recent weeks but is now meeting resistance near $2,400. He said a break above that area could open a move toward $2,600 to $2,700.

Analysts watch support and FOMC risk

Daan also pointed to diagonal support below current prices. Bulls need to hold that level to maintain the recent short-term uptrend.

Michaël van de Poppe said Ethereum’s upward structure remains intact after several failed resistance tests. He said a breakout is “a matter of when” in his view.

Ted Pillows noted that ETH has dropped 17% or more after each FOMC meeting since October 2025. Traders are watching whether that pattern repeats.

Away from price action, the Ethereum Foundation’s Q1 2026 grants focused on ZK research, core clients, validator security, and public-goods infrastructure.