Investors withdraw ETH from Binance, signaling accumulation and potential uptrend

Binance ETH outflows hit recent low; analyst flags accumulation despite weekend dip

Ethereum fell ~3% to ~$2,353 over 24 hours after US–Iran talks broke down. On-chain flow data points to ongoing accumulation, not structural weakness per NewsBTC.

CryptoQuant analyst CryptoOnchain reports a sharp drop in the 365-day SMA of ETH Exchange Netflow on Binance, now at its lowest since May 2024 source.

Historically, extreme lows in this metric preceded upward reversals and major bull legs for ETH, indicating an accumulation phase and reduced near-term sell pressure CryptoQuant Quicktake.

The analyst urges monitoring for a “decisive upward pivot” in the metric to confirm a new bullish cycle details.

- Price snapshot: ~$2,353, down ~3% daily; still up ~2% over the past seven weeks, per CoinGecko data cited by NewsBTC source
- Weekend weakness tied to the reported closure of the Strait of Hormuz and geopolitical tension NewsBTC