TLDR:
- Binance Exchange Netflow for ETH reaches +15K on 14-day SMA, marking the highest level since July 2025.
- Ethereum maintains position above $2,800 support while trading below descending trendline resistance.
- High Volume Node at $2,800 reinforces support zone where buyers have previously demonstrated strength.
- Exchange inflow spike indicates holders preparing to either liquidate positions or engage derivatives.
Ethereum faces a pivotal market juncture as on-chain data reveals elevated exchange inflows coinciding with price compression at key technical levels.
Binance Exchange Netflow for ETH has reached +15K on its 14-day simple moving average, the highest reading observed since July 2025.
Meanwhile, the asset trades below descending trendline resistance while maintaining position above the $2,800 threshold.
This convergence of on-chain signals and technical structure suggests the market stands at a decision point that could determine near-term directional momentum.
Exchange Inflow Data Points to Heightened Supply Pressure
The surge in Binance Exchange Netflow reflects a substantial increase in ETH being moved onto the platform.
This movement typically indicates growing preparedness among holders to either liquidate positions or engage with derivatives markets. The 14-day simple moving average now registers +15K ETH, representing the most pronounced inflow level seen in five months.
Source : Cryptoquant
Historical patterns show that netflow spikes of this magnitude often emerge during transitional phases. These periods frequently precede either sustained selling that breaks support zones or temporary volatility followed by stabilization.
The current reading suggests market participants are positioning for potential action rather than maintaining passive holdings.
The timing of this netflow increase adds weight to its potential market impact. Coming as price approaches a well-defended support area, the elevated exchange supply creates conditions where buyer absorption becomes crucial.
How the market digests this incoming supply will likely influence short-term price behavior.
Technical Structure Reinforces Support-Resistance Dynamic
Ethereum currently trades within a defined range bounded by a descending trendline above and horizontal support near $2,800 below.
The upper boundary has capped recent rally attempts, establishing resistance that price has yet to overcome. This pattern creates downward pressure that compounds the bearish tone from exchange data.
Source : Cryptoquant
The $2,800 level carries notable technical importance beyond simple horizontal support. This zone coincides with a High Volume Node, indicating substantial historical trading activity.
Areas with concentrated volume often act as demand zones where buyers have previously stepped in with conviction. The level has proven resilient through multiple tests in recent weeks.
Two distinct scenarios now present themselves based on upcoming price action. A breakdown beneath $2,800 could transform the netflow spike into fuel for accelerated selling.
Alternatively, a successful reclaim of the descending trendline would demonstrate buyer strength capable of absorbing exchange supply.
For the moment, ETH remains suspended between these outcomes, with on-chain metrics suggesting caution while price structure defends established support.
The post Ethereum Exchange Netflow Hits 5-Month High as ETH Tests $2,800 Support Zone appeared first on Blockonomi.
Source: https://blockonomi.com/ethereum-exchange-netflow-hits-5-month-high-as-eth-tests-2800-support-zone/
