Ethereum exchange inflows hit a 4-month high as 2.24M ETH moves to platforms

Ethereum saw a sharp drop over the past week, with price sliding to $1,505 before later trading around $1,577. A June 6 Quicktake noted total exchange inflows reached 2.24 million ETH in a single day, the highest level in four months. Binance accounted for over 1.16 million ETH of that inflow, a setup analysts say can raise potential sell-side pressure and volatility.