Candle record was broken in Ethereum, thanks to Binance users who traded "like there was no tomorrow":

After cryptocurrency analysts' exchange-traded fund (ETF) comments, a candle record was broken in Ethereum.

According to CryptoQuant data, the taker buying volume in the Ethereum markets differed from the taker selling volume by $530 million in a single candle. Thus, the largest candle in Ethereum was recorded.

This is due to Binance users taking too many long positions on Ethereum in too short a time.

Bloomberg Intelligence ETF analysts cut the chances of approval for spot Ethereum ETFs from 25% to 75% after the SEC demanded that exchanges update filings for spot Ethereum ETFs.

A CryptoQuant analyst said, “Binance traders are placing taker orders like there is no tomorrow after Ethereum ETF news.” said.