According to cryptoonchain’s analysis of on-chain data from CryptoQuant, Binance now holds about 25% of the total Ethereum reserves across all exchanges. This significant figure could be a sign of smart accumulation by major market participants. Notably, Binance’s rising share has occurred while overall ETH reserves on exchanges have remained stable. In a situation where Ethereum’s price is still below its all-time highs—even as Bitcoin has set new records—this accumulation on Binance may signal that large investors are entering and expecting future price growth.
On the weekly chart, Ethereum is showing signs of strength and a possible continuation of its upward trend. If buyers maintain their momentum, the first target lies in the 3,900–4,200 zone, with the second target in the 4,850–4,950 range—close to previous all-time highs.
On the weekly chart, Ethereum is showing signs of strength and a possible continuation of its upward trend. If buyers maintain their momentum, the first target lies in the 3,900–4,200 zone, with the second target in the 4,850–4,950 range—close to previous all-time highs.
For more of my on-chain analyses, visit my CryptoQuant profile:
cryptoquant.com/profile/u/CryptoOnchain?tab=quicktake
cryptoquant.com/profile/u/CryptoOnchain?tab=quicktake
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
For more of my on-chain analyses, visit my CryptoQuant profile:
cryptoquant.com/profile/u/CryptoOnchain?tab=quicktake
cryptoquant.com/profile/u/CryptoOnchain?tab=quicktake
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.