$ETH Inflow Remains Elevated Despite Stable Price

Recent data from CryptoQuant shows that Ethereum's inflow into Binance User Deposit Address remains at a high level, indicating ongoing pressure to move coins to exchanges.

This typically serves as a warning sign for investors, who often transfer their assets to exchanges in preparation for selling or trading.

However, despite the elevated inflow, Ethereum's price has not seen a corresponding decline, and its MVRV (Market Value to Realized Value) ratio remains in a lower zone compared to the beginning of the year.

This suggests that the market may not have entered an overheated distribution phase yet.