Ethereum is trading at $2,435, up 1.5%, as ETH inflows to Binance have reached their highest level since last June, according to on-chain data from Cryptoquant. This spike in exchange deposits typically precedes either profit-taking or a liquidity build ahead of derivatives positioning. The current price sits precisely at the 0.618 Fibonacci retracement level at $2,438.85, a level flagged as pivotal by Binance’s own analysis. Technical scenarios identify resistance between $2,550-$2,600 for the bullish case and support at $2,360 for the bearish case, with the $290B+ market cap requiring substantial fresh capital to push prices significantly higher.
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