CoinMeta data: According to U.Today, Ethereum reserves on Binance dropped from 3.57 million ETH to 3.47 million ETH in just three days, with over 100,000 ETH being withdrawn during this period. This trend has drawn the attention of market analysts, as a reduction in reserves is usually seen as a bullish signal. However, Ethereum is currently facing selling pressure in the market, and its price has plummeted from a high of $2,700 to $2,400. The data also shows that since August, Ethereum reserves have decreased by about 11.5%.