Overview
- Three large transfers, recorded May 6–9, moved about 439,850 ETH—roughly $1.02 billion—to Binance during price pullbacks.
- Binance now holds about 3.62 million ETH in reserve, up from roughly 3.3 million in early April and equal to about 24.6% of exchange-held ETH.
- Despite the inflows, Ethereum stayed inside a $2,250–$2,450 band, which signals buyers absorbed supply without creating enough strength for a breakout.
- Short-term gauges on the 4-hour chart are packed near $2,303–$2,332, and analysts point to a close above the 50 MA or below the 200 MA as the next trigger.
- Rising exchange reserves mean more coins are ready to trade on short notice, yet coins sent in during dips are sometimes withdrawn once price steadies, so flows and outflows now matter most.