Whale Withdraws $113 Million in ETH from Binance Amid Market Decline
Ethereum (ETH) Market Update
- A new crypto wallet withdrew 50,256 ETH (~$113 million) from Binance in one day.
- This occurred as ETH experienced a 15% drop over the past week.
- Automated analyst Alva noted a potential "momentum reversal" if bullish indicators hold, with resistance at $2,350–$2,400.
- ETH fell 2% in the last 24 hours, currently trading at $2,240.
- The total crypto market value decreased by $350 billion in 11 days due to geopolitical tensions.
- Ethereum traders faced liquidations totaling $188 million; $144 million of longs and $44 million of shorts.
- Despite negative sentiment, Ethereum recorded a net outflow of over 58,000 tokens, suggesting potential accumulation by investors.
Ethereum Price | Source: Coinmarketcap