Ethereum faces 420K ETH supply overhang, yet bulls remain hopeful – Why?

Ethereum faces a critical test as 420,000 ETH raises sell-off concerns, yet bulls remain hopeful. Binance's financial backing strengthens the case for a potential market reversal. The supply overhang could pressure prices, but the exchange's support may provide a floor, leading traders to weigh the risk of a dump against the possibility of a rebound.