CryptoOnchain2026-04-16

Strong Bullish Divergence in Ethereum: Taker Buy Pressure Spikes Despite Price Drop

Based on Binance exchange data, the 14-day Simple Moving Average (SMA) of the Ethereum Taker Buy Sell Ratio has surged to 1.036, reaching its highest level since April 2021. What makes this metric particularly striking is that it is occurring amidst a significant price correction, with Ethereum’s price dropping from its 4,700 USD peak in October 2025 to the current 2,300 USD level. As highlighted by the arrows on the chart, this dynamic creates a clear and significant bullish divergence. A Taker Buy Sell Ratio above 1 indicates that taker buy volume is actively outpacing taker sell volume. While the broader market trend has been driving the price downward, aggressive buyers on Binance are stepping in, using this dip as a strong accumulation opportunity. This stark divergence between a declining price and a sharply rising buy-to-sell ratio often signals a potential bottoming phase. It suggests that large entities or “smart money” are absorbing the sell-side liquidity at a discount. If this aggressive buying pressure is sustained, it could exhaust the sellers and set the stage for a strong bullish price reversal for Ethereum in the near future.