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Ethereum Faces Sell Pressure as Binance Data Signals Bearish Underpinning

  • BorisVest analysis suggests sell-side pressure on Ethereum, with key Binance metrics indicating possible downside.
  • Ethereum reserves on Binance have increased since Dec 2024, signaling potential selling activity.
  • Binance data shows successive inflows of ETH during rally attempts, indicating exit activity by traders.
  • Despite buyer activity, ETH struggled to sustain upward momentum, leading to caution in the Ethereum market.

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