
What Do On-Chain Data Show on Ethereum (ETH) Now? Analysts Warned
Cryptocurrency analytics firm CryptoQuant has released a new analysis of the notable activity in the Ethereum (ETH) market. According to the company's data, the strong upward wave in the price of ETH is being supported by heavy inflows on the Binance exchange. The analysis noted that net inflow data indicates ETH has been sent to the exchange, which could mean two different things: potential selling pressure or use as collateral for margin trading. It was noted that ETH has reached an all-time high (ATH), but the real question is whether this level can be maintained. Meanwhile, Binance ETH open interest…






