Ethereum open interest on Binance surged by 41% in 30 days, indicating increased futures activity and institutional involvement.
Major ETH outflows from exchanges signal reduced sell pressure and growing confidence among long-term holders.
The rise in Ethereum's price is not solely driven by spot market excitement, but also supported by the futures market, with Binance emerging as a key player in crypto derivatives.
Ethereum exchange flows show bullish accumulation trend as investors withdraw ETH from trading platforms, potentially signaling reluctance to sell in the near future and strengthening the bullish outlook.