This chart gives an instant snapshot of Ethereum’s sentiment and momentum on Binance, combining key market data on spot and futures activity, cumulative volumes, with moving averages comparison.
In short, it’s an all-in-one signal, and today, it’s flashing something rare and powerful because the last time this indicator lit up like this was in December 2023, right before ETH rocketed from $2 200 to $4 000.
Since May 19, whale orders on Binance have started to show up again in force wich is representing a very encouraging sign.
Whales aren’t always trying to catch the absolute bottom, instead, they position early when a macro trend begins to show signs of strength.
According to this behavior, May is shaping up to be one of those key entry windows and the big players seem to know it.
Written by Darkfost
