Ethereum inflows to Binance over the past 30 days have reached their highest level since November 2025 – worth around $33.3 billion. The increase in inflows comes at a time when ETH trades at slightly above $1,900.
ETH exchange inflows weighing on its price
Past data shows that an uptick in ETH inflows to exchanges compared to previous months tends to coincide with periods of persistent selling. Besides getting sold on the market, there is also the possibility of ETH being used as collateral in the derivatives market.
That being said, heightened ETH reserves on exchanges should not be completely seen as a negative sign. In some cases, rising ETH inflows to exchanges reflect strategic repositioning by investors. It can also show the willingness to engage in higher trading activity.
Trading activity sees a sharp increase, especially in periods of elevated market volatility. High exchange inflows can also point toward incoming price stability, particularly when the additional exchange supply is absorbed by market demand.
ETH market in a sensitive phase
According to CryptoQuant analyst Arab Chain, the ETH market is currently in a ‘sensitive’ phase. The digital asset’s price reaction to high exchange inflows will show whether it leads to actual selling pressure or precedes a redistribution phase that paves the way for subsequent moves.
Meanwhile, the overall sentiment toward ETH continues to be in the negative territory. Recently, the Ethereum taker ratio dropped to a three-month low, suggesting more downside for the coin in the short to medium term.
Ethereum also recently got eclipsed by Layer-2 blockchain Polygon in daily fees – thanks to the popularity of prediction markets like Polymarket. That said, recent on-chain data shows that smart money is silently accumulating ETH at current market prices.
