Ethereum saw a net inflow of 24,500 ETH into Binance, a new high since July, potentially signaling an impending sell-off.

According to CryptoOnchain Odaily, Ethereum inflows into Binance have increased, with a net inflow of 24,500 ETH, the highest level since July. This positive net inflow indicates that more Ethereum is flowing into exchanges. Currently, the price of Ethereum is consolidating around $2,980, and the increased supply on exchanges may limit short-term upside potential. Historically, similar increases in fund inflows have often coincided with higher volatility or market downturns.