Ethereum(ETH) withdrawal transactions from Binance reached their highest monthly average in three years while ETH traded above $2,700 after a 6% daily gain. Key Points: Ethereum's monthly ave
Ethereum(ETH) withdrawal transactions from Binance reached their highest monthly average in three years while ETH traded above $2,700 after a 6% daily gain.
Key Points:
- Ethereum's monthly average of withdrawal transactions on Binance crossed 90,000, the highest level in three years and about twice the reading at the start of 2026.
- CryptoQuant said the abrupt rise in withdrawals may reflect stronger accumulation as holders move ETH away from exchanges.
- Crypto Patel sees $2,715 to $2,900 as the next upside area, while $2,360 remains the level that keeps the bullish setup intact.
The monthly average of Ethereum withdrawal transactions on Binance has crossed 90,000, roughly double the level seen at the start of 2026. That is the highest reading in three years and comes during a sharp change in Ethereum's market structure. The move points to heavier exchange outflows.
CryptoQuant said the increase can signal accumulation when investors move ETH into private wallets or custody rather than leave it available for trading on exchanges. The firm described the rise as "fairly sudden." It also said Ethereum's accumulation trend currently appears stronger than Bitcoin(BTC)'s, which has struggled to hold firmly above its May high.
Ethereum has risen about 80% from $1,510 over the past three months and moved above its April high during the rally. ETH was trading above $2,700 after climbing 6% in 24 hours.
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Crypto Patel said Ethereum's higher-timeframe structure has turned bullish after strong buying emerged around the $2,300 demand area and ETH reclaimed the $2,483 to $2,584 fair value gap. The analyst identified $2,715 to $2,900 as the next upside zone, followed by a larger resistance area between $3,070 and $3,404. The setup depends on ETH holding $2,360.
On the downside, Crypto Patel highlighted $2,300 as key structural support, while the $1,647 to $1,744 range could become relevant if the current market structure breaks. Those levels matter because the latest exchange-withdrawal trend is developing while price tests areas that could determine whether recent momentum holds.
ETF flows have been less supportive, with U.S.-based Ethereum funds posting $141.4 million of outflows Tuesday, $224.1 million Wednesday and $39.2 million Thursday, against $121 million of inflows Monday and $143.8 million Friday. The five-day sequence was net negative despite gains at both ends of the week, while CryptoPotato said August ETF inflows had fallen below $190 million. The contrast follows a three-month 80% ETH rebound from $1,510, showing how stronger spot accumulation and weaker fund flows have developed at the same time.
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