Ethereum long cluster at $2,538 amid volatility concerns
Ethereum (ETH)
Editor:
Eugene Serbin
cryptocurrency.com.tr reports that the largest cluster of net long Ethereum positions is currently situated at the $2,538 price level. The outlet notes that leveraged positions at these key price points could trigger significant market volatility. This dynamic is expected to influence Ethereum's price movements and the strategies employed by traders. The analysis highlights how these concentrated positions may shape near-term market behavior.
How the market reacted
Whalio's own Binance spot order flow for ETH, measured when this story was written up on 2 October 2026. Not the outlet's figures.
ETH is trading at $2,706.42 with a 1-hour buy ratio of 45.8% and a 4-hour buy ratio of 43.1%, both lower than the 24-hour ratio of 49.4%. This decline in shorter-term ratios suggests that buying pressure is fading relative to the daily average. The 1-hour volume delta is -$2,414,268, while the 4-hour delta is -$25,725,645, indicating net selling in recent hours. A negative volume delta means that sell volume exceeds buy volume, showing that sellers are currently dominating the flow. Despite this, the 24-hour volume delta is -$8,490,209, and cumulative selling pressure over the day totals -$118,283,312.
The latest daily buy ratio of 46.8% sits at the 16th percentile of the last 322 days, against a median of 49.5% - weaker buying than most days.
Was that an ordinary day?
The same Binance spot measurements for ETH, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 48.1%, with the latest day showing a ratio 1.3 points higher than that average. Weekly volume was 1.14 times the average, indicating above-normal trading activity. However, only 2 of the past 7 days saw net buying, and the price changed by just 0.7% over eight days. The total volume delta for the week was -$143,306,371, reflecting sustained net selling. This week shows slightly higher buying interest than the weekly average but remains dominated by net outflows.