Ethereum Inflows to Binance Reach Highest Level Since June

Ethereum is trading at $2,435, up 1.5% daily, as on-chain data from Cryptoquant reveals that ETH inflows to Binance have hit their highest level since last June. Analysts remain divided on whether this indicates profit-taking or liquidity preparation for derivatives. The price currently sits near the $2,438.85 Fibonacci support level, with a potential move toward $2,800 if it holds, or a decline toward $2,173 if support fails.