Darkfost flags Binance ETH inflow spikes as Ethereum ranges $2,250–$2,450

In early May, Ethereum on-chain activity rose alongside a sideways ETH price range of $2,250 to $2,450. Darkfost highlighted several Binance inflow spikes, including 216,152 ETH ($511 million) on May 6 and 98,552 ETH ($224 million) on May 8. The analyst linked higher Binance reserves—about 3.62 million ETH, or 24.6% of exchange-held ETH—to continued consolidation as ETH traded near $2,329, up 0.6% in 24 hours.