Ethereum reserves on Binance have soared to over 4.9 million ETH, marking the highest level since May 2023. This trend, coupled with bullish accumulation from U.S. Institutional investors, indicates a strong demand despite stable ETH prices.
Although technical indicators show neutral momentum, the relatively stable price around 2,590 USD raises questions. The market appears to be awaiting a decisive breakout or breakdown, with significant factors at play.
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