Binance data is revealing increasing bearish pressure on Ethereum (ETH) as its market prepares for a potential downtrend. A recent analysis by BorisVest, shared through CryptoQuant, highlights key metrics suggesting this. 30-day exchange reserve numbers show a significant increase in the amount of ETH held by large investors, rising from 3.779 million to 4.216 million ETH since December 2024. This is often a precursor to selling activity. The increasing number of ETH being stored on Binance signifies that traders are ready to trade and may be preparing for downward movement. 3-day netflows show sustained inflows of ETH from the exchange, followed by quick price drops as traders capitalize on this bounce. Exchange Supply Ratio also aligns with the bearish trend, further indicating a potential downturn. Despite aggressive buying activity in the market, Ethereum failed to sustain upward momentum due to the presence of selling pressure. This suggests that the recent rally was only short-lived and may be followed by further downside movement if the $2,400 support level is broken. The analysis notes that despite this bearish trend, a strong bounce at the $2,400 threshold could reset sentiment and signal a breakout beyond the current range. For now, caution prevails in the Ethereum landscape.