Ethereum tests $2,500 resistance as accumulation continues
Ethereum (ETH)
Editor:
Eugene Serbin
ambcrypto.com reported that Ethereum expanded northward from a major accumulation zone while exchange reserves continued to fall. The Coinbase Premium Index hovered near zero, indicating weaker demand from U.S.-based investors compared to Binance, a pattern last seen in October. Historically, sustained positive readings in this index accompanied bull runs like the one in June-July 2025.
Crypto intelligence platform Alphractal noted the investor price sits around $1,700, which has historically acted as a major accumulation zone. A decisive rally followed the June test of this level, driven by strong buying pressure over the past ten days. Spot taker CVD measures the difference between market order buy and sell volumes, with rising buy orders signaling aggressive demand.
Institutional demand remained strong, creating a buy-dominant phase after the accumulation zone retest. The swing high of $2,466 made in April is currently under siege as price tests the supply zone ceiling. A breakout past $2,500 would confirm a trend shift, while a drop below $2,000 suggests the long-term trend remains unchanged.
How the market reacted
Whalio's own Binance spot order flow for ETH, measured when this story was written up on 26 August 2026. Not the outlet's figures.
ETH is trading at $2,506.78 with a 24-hour buy ratio of 51.2%, indicating a slight edge for buyers over the full day. However, the 1-hour buy ratio is 55.0% against a 4-hour ratio of 40.4%, showing that short-term buying pressure is stronger than medium-term momentum. The 1-hour volume delta is positive at +$7,944,358, while the 4-hour delta is negative at -$11,321,838, suggesting recent aggressive buying is offsetting earlier selling. The 24-hour CVD closed at +$18,069,472, confirming that net buying pressure has accumulated over the last day. This flow indicates that while immediate aggression is high, the broader intraday trend has seen more selling volume than buying in the medium term.
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.
Twenty-four hours later
What ETH did over the 24 hours after the story broke. The market moves for its own reasons; this is what happened, not what the story caused.
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 51.4%, compared to the current 24-hour ratio of 51.2%, showing a nearly identical level of buyer dominance. The 24-hour spot volume of $617,837,179 is 0.48 times the weekly average, indicating significantly lower trading activity than usual. This volume level suggests the current price action is occurring on thinner liquidity than typical for this period. The 8-day volume delta of +$343,346,378 aligns with the positive 24-hour delta, confirming the weekly trend remains net bullish. Despite the lower volume, the price increased by 11.3% over eight days, driven by consistent but lighter buying pressure.