Binance ETH Reserve:
The 30-day MA of ETH reserves on Binance just hit its highest level since Nov 2022, reflecting strong exchange activity. While this means potential selling pressure, in the current context it’s also a sign of higher market participation and renewed bullish sentiment — especially if demand holds.
Ethereum Dominance:
The ETH Dominance Renko chart shows a strong bounce from the critical 8% support, now rallying toward 11.2%. With a notable bullish divergence on the MACD, this strength hints at growing ETH/altcoin leadership and inflows while BTC cools, with next resistance around 14%.
Strategic View:
The mix of rising reserves and rising dominance signals ETH as a market focus. If dominance holds and price stays above $3,500, further upside is likely — but approaching resistance warrants monitoring for possible short-term corrections.
Written by CryptoOnchain
