CryptoQuant said in a post on X that Ethereum’s market structure has become healthier after leveraged ETH positions on Binance were cleared out. Even so, the firm said the market still lacks a clear catalyst that could push prices higher. It pointed to two signals worth watching next: whether USDT starts flowing back into Binance, and whether the Coinbase Premium Index turns positive. According to CryptoQuant, if those signals appear, Ethereum’s market outlook could shift in a bullish direction. The update focuses on positioning and exchange-flow indicators rather than any immediate price move, with the firm framing the current setup as cleaner but still short of a confirmed upside trigger.
CryptoQuant said in a post on X that Ethereum’s market structure has become healthier after leveraged ETH positions on Binance were cleared out, though the market still lacks a clear catalyst for a price rise.
The firm said traders should now watch two indicators closely:
- whether USDT flows back into Binance;
- whether the Coinbase Premium Index turns positive.
CryptoQuant added that if those signals emerge, Ethereum’s market outlook could turn bullish.
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