Ether taker volume rises by 72% as traders target ETH liquidity gap at $2.6K

Ether’s $2,400 resistance hits a liquidity gap

The ETH price is compressing under the $2,400 level, a resistance that has been tested three times since Feb. 6. Each rejection has reduced the density of the overhead sell orders. A clean move above this level exposes the $2,475–$2,634 range, where a daily fair-value gap lies.

The gap formed during February’s sell-off marks an area where price moved quickly, leaving unfilled orders. ETH's price may revisit these zones to rebalance flows as the momentum builds.

ETH/USDT on the one-day chart. Source: Cointelegraph/TradingView

Ether is also attempting to reclaim the 100-day exponential moving average (EMA), a level associated with trend-continuation phases. The stability above this trend would reinforce the upward rally. The 200-day EMA is drifting toward the upper end of the imbalance zone near $2,634, creating a technical overlap with liquidity.

The derivatives positioning adds context. The futures cumulative volume delta (CVD) continues to climb toward $12.6 billion, while funding rates remain near neutral.

This indicates leverage has not expanded aggressively alongside price. The balance between buyers’ demand and measured leverage keeps the $2,475–$2,634 zone in focus as a near-term liquidity cluster.

Ether price, funding rate and futures CVD. Source: velo.chart

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