Binance Whale Activity Signals Bullish Momentum in Ethereum

Recent on-chain data from Binance provides a strong indication of growing bullish sentiment for Ethereum. The indicator, which combines spot and futures order flow, cumulative volume, and key moving averages, has triggered a rare historically bullish signal. This resembles the trend leading up to the significant price surge in December 2023, when ETH rose from $2,200 to $4,000. The resurgence of large-volume trades on Binance by institutional investors suggests confidence in ETH’s recovery.