menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Technology News

>

Ethereum R...
source image

Crypto-News-Flash

3d

read

249

img
dot

Image Credit: Crypto-News-Flash

Ethereum Reserves Surge on Binance, Market Awaits Next Move

  • Binance now holds over 4% of the total circulating ETH supply, the highest level since May 2023, sparking concerns about potential selling pressure or strategic accumulation.
  • Analysts are divided on whether the surge in Ethereum reserves on Binance indicates upcoming selling pressure or whales preparing for a market rally.
  • Despite the increase in exchange supply, Ethereum's market strength remains resilient, with high transaction volumes and continued price stability around $2,516.67.
  • The situation on Binance triggers speculation about potential market movements, with some suggesting a pattern of price drop followed by a sharp spike, while others see long-term holders accumulating with confidence in Ethereum's future.

Read Full Article

like

15 Likes

For uninterrupted reading, download the app