<ul data-eligibleForWebStory="false"><li>Ethereum's price has recovered strongly after a poor first quarter in 2025 but has slowed down recently, showing a better position compared to three months ago.</li><li>Recent on-chain data reveals that ETH investors are moving tokens from long-term storage to centralized trading platforms, posing a risk to Ethereum's current position.</li><li>Ethereum reserves on Binance, the world's largest exchange, have surged to over 4% of the total circulating supply, a level not seen since May 2023, indicating potential selling pressure.</li><li>The rise in Ethereum reserves on Binance is considered a bearish signal for ETH's price, but some analysts suggest it could also indicate strong underlying demand or strategic moves by whales.</li></ul>

Ethereum Reserves On Binance Hits 2023 Level — What Happened Last Time?

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