Demand for Ethereum on Binance has skyrocketed due to optimism surrounding the potential approval of an Ether ETF. This was noted by CryptoQuant after a record increase in the volume of Ethereum purchases on the popular exchange. Traders are actively accumulating the asset, even at higher prices. This suggests that Binance traders are extremely bullish on Ethereum and are willing to pay a higher price for immediate execution of their buy orders.