<ul data-eligibleForWebStory="false"><li>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.</li><li>Analysts are divided on whether the surge in Ethereum reserves on Binance indicates upcoming selling pressure or whales preparing for a market rally.</li><li>Despite the increase in exchange supply, Ethereum's market strength remains resilient, with high transaction volumes and continued price stability around $2,516.67.</li><li>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.</li></ul>

Ethereum Reserves Surge on Binance, Market Awaits Next Move

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