Binance stacks Ethereum at yearly high, U.S. funds buy more: So why isn’t ETH moving?

• Ethereum reserves on binance overvoltage, but whales can be placed.
• The influx of American demand and ETF indicates the accumulation of bulls, while technical pointed to the indecision on the market.

Ethereum [ETH] Is it on the go, but in which direction it is heading?

Binance reserves have just been hit by their highest level since May 2023, which caused a debate on whether it was around the corner or a surprising gathering.

Meanwhile, American investors are constantly buying, with a strong ETF influx and signs of growing demands indicate a possible escape.

Ethereum Binance River Basin

Ethereum exchange reserve on binance sharp In the middle of 4.9 million, the highest level since May 2023.

This is more than 4% of the overall circulating ETH offer, which now sits on one exchange.

This type of tip is often associated with incoming sales pressure. Historically growing reserves on centralized exchanges such as binance were preceded by price repairs.

This time, however, the price did not catch.

Despite the reserve increase, ETH remained relatively stable around $ 2,590. This type of durability is a sign that buyers can absorb pressure on the side of the sale or that whales are preparing for something larger.

Either way, this is not a normal delivery shift.

A case for a bull escape

While Binance reserves overvoltage, it seems that the American investor’s taste seems to be on the rise; So not all ETHs that move to stock exchanges are designed for sales orders.

The Coinbase premium index index has held mostly positive Until June and early July, which shows stronger demand on site on American platforms compared to international.

This often reflects purchasing pressure from institutional or high investors.

Backup of this, ETH Spot Etf Net Polds are Regains the paceWith a daily tide of $ 148 million, July 3 and total net assets now exceeding $ 10.8 billion.

These powerful trends in the inflow indicate accumulation, not panic sales – perhaps absorbing the binance offer.

Technicals remain neutral, markets are waiting for the trigger

At the time of the press, Eth He traded for $ 2,521, which shows the muted price movement despite the activity in the chain and ETF. RSI was around 52, which reflected neutral momentum.

The MacD line recently exceeded the signal line, but remained below zero; Potential early bull crossover lacks strong beliefs.

Meanwhile, the OBV sat at 9.97 m, which showed no major shift in the purchase or sale of volume. Without a decisive escape or disintegration, ETH seemed to consolidate, maybe preparing for its next big move.