According to CryptoQuant's data analysis, Ethereum (ETH) is currently facing a crisis, especially during the Christmas period when Binance exchange experienced a net inflow of over 140,000 ETH, indicating a possible large-scale sell-off preparation. Analysis shows that the willingness to sell in the short term is increasing, and the net inflow diverges from the price trend, suggesting that large holders may be adopting a layered selling strategy, leading to potential downside risks. Investors should remain cautious about ETH.