Ethereum Price gained nearly 5% as Binance withdrawals reached a three-year high. CryptoQuant recorded more than 166,000 ETH withdrawal transactions within one day. Large exchange outflows ma
Ethereum Price moved higher after Binance recorded its largest daily ETH withdrawal activity in more than three years. According to CryptoQuant analyst Darkfost, the exchange processed over 166,000 Ethereum withdrawal transactions within 24 hours, the highest level since March 2023. The sharp increase came as Ethereum Price recovered toward the $1,700 region following a prolonged market decline.
At press time, Ethereum Price traded around $1,734.67, up nearly 5% over the previous 24 hours. The rebound has renewed discussion about whether investors are quietly accumulating ETH after months of weakness.
CryptoQuant data suggests the surge in ETH withdrawals may reflect investors moving coins from Binance into private wallets. Historically, large exchange outflows have sometimes indicated long-term accumulation rather than immediate selling activity.
The withdrawals occurred while Ethereum Price traded near the $1,500-$1,700 range, a level some investors may view as attractive after the asset declined roughly 67% from its 2025 peak. Compared with Bitcoin, Ethereum has experienced a deeper correction over the same period.
Not every withdrawal necessarily signals accumulation. Some transfers may represent users moving assets into decentralized finance protocols to earn yield or repositioning funds amid ongoing discussions surrounding Europe’s MiCA regulatory framework.
Despite uncertainty over the exact reason for the withdrawals, the sheer scale of activity has drawn market attention. CryptoQuant noted that Binance’s 166,000 withdrawal transactions marked the strongest daily total in more than three years, highlighting a notable shift in investor behaviour.
Meanwhile, Ethereum Price has gained roughly 10% during the past two days, recovering from recent lows. The rebound coincides with stronger market participation as investors reassess Ethereum’s valuation after months of sustained selling pressure.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.<p>The post Ethereum Price Jumps as Binance Outflows Hit 3 Year High first appeared on Coin Crypto Newz.</p>
