Trading activity for Ethereum has increased significantly on Binance, with about 29.6 million ETH traded on the exchange over the past thirty days. This marks the highest turnover level recorded since September 2025.
The surge in activity suggests that traders are circulating the same supply through the market at a faster rate as volatility returns and derivatives positioning begins to change.
Ethereum Turnover on Binance Surges
Data shared by Arab Chain on March 5 indicates that the thirty day Ethereum exchange liquidity ratio on Binance has climbed to 8.47. This metric compares the total amount of ETH traded over a specific period with the amount of ETH currently available on the exchange.
Binance is currently holding roughly 3.5 million ETH in its reserves. However, trading volume during the last month reached nearly 29.6 million ETH. This means that the same coins have circulated through the market multiple times within a relatively short timeframe.
According to Arab Chain, such elevated turnover levels often appear during periods when traders actively adjust their portfolios or when market volatility increases.
Historically, strong turnover rates have often coincided with higher liquidity in the market and quicker movement of assets between wallets and exchanges. This pattern usually reflects stronger risk appetite among traders. The latest reading is the highest since September of last year, which was also a time when the market experienced significant price fluctuations.
At the moment, Ethereum has moved back above the 2,000 dollar level. The asset has gained around 4.6 percent over the past twenty four hours. On longer timeframes, ETH is up approximately 2 percent over the past week and slightly more than 6 percent over the last two weeks. Despite these gains, it is still about 9 percent lower compared with its price thirty days ago.
Signs of Changing Market Behavior
At the same time, derivatives indicators suggest that trading behavior is beginning to shift across both Ethereum and Bitcoin markets. This observation comes from market analyst Moreno, who pointed out that net taker volume in derivatives markets has recently turned positive after several months dominated by aggressive selling pressure.
Net taker volume measures the difference between traders executing market buy orders and those placing market sell orders. It helps reveal which side of the market is actively driving price movement. According to the analyst, when this metric turns positive after an extended period of negative readings, the initial phase often reflects short covering and the unwinding of hedge positions rather than new long term buying demand.
Ethereum’s derivatives activity can sometimes appear distorted because the asset is frequently used as collateral within decentralized finance strategies. Many traders maintain spot ETH holdings while simultaneously shorting perpetual futures contracts to keep their exposure neutral. This strategy can create ongoing selling pressure in derivatives markets even when the underlying demand for ETH remains stable.
Another sign of demand appeared through the premium observed on Coinbase for both Bitcoin and Ethereum. According to analyst CW, the premium is currently positive, which means that buyers on the United States based exchange are paying slightly higher prices compared with global trading platforms.
When combined with rising exchange turnover and changes in derivatives flows, these signals suggest that traders are becoming more active again as Ethereum manages to hold above the 2,000 dollar level.#cryptonews https://t.me/coinsignalpublic https://coinsignals.net
