Binance Loses 300K ETH: Bullish Signal for Ethereum’s Push to $2.7K?

• 300K ETH withdrawn from Binance, reducing sell pressure and boosting bullish sentiment.

• 81% of ETH holders are in profit, with key resistance at $2,665.

• Declining exchange reserves suggest long-term accumulation over short-term selling.

• Break above $2,665 could trigger a short squeeze, accelerating ETH’s rally.

Binance’s Shrinking ETH Reserves: What It Means

Ethereum’s reserves on Binance have dropped by 300,000 ETH since mid-April, falling from 4.1M to 3.9M ETH. This signals a shift in investor behavior—more holders are moving ETH off exchanges, likely for long-term storage or DeFi participation.

Why This Matters for ETH Bulls

✅ Reduced sell pressure – Fewer ETH on exchanges means less immediate liquidation risk.
✅ Strong accumulation trend – Investors prefer self-custody, indicating confidence in ETH’s long-term value.
✅ Price support – At press time, ETH traded at $2,605 (+2.77% in 24H), with potential for a breakout.

Critical Resistance: Can ETH Break $2,665?

The liquidation heatmap reveals a thick resistance cluster between $2,600and$2,665. A decisive break above this zone could:

• Trigger short liquidations, fueling a rapid upward move.

• Confirm bullish momentum, opening the path toward $2,700 and beyond.

However, ETH may face temporary consolidation before a sustained breakout.

On-Chain & Network Health: Bullish Signals

1. Active Users Remain Strong

• 555,880 daily active addresses

• 1.42M daily transactions
  Despite lower gas fees (14.09B gas used), Ethereum’s utility remains robust, supporting its bullish case.

2. 81% of ETH Holders in Profit

• The largest wallet clusters sit between $2,460and$2,665.

• If ETH holds above this range, profit-taking may slow, allowing for further upside.

Ethereum Price Prediction: What’s Next?

Bullish Scenario

• Break above $2,665\ast \ast \to Shortsqueeze\to Rallytoward\ast \ast$2,700-$2,800.

• Continued exchange outflows → Stronger long-term price support.

Bearish Risk

• Rejection at $2,665\ast \ast \to Possiblepullbackto\ast \ast$2,460 support.

Final Verdict: Watch the $2,665 Breakout

Ethereum’s declining exchange supply, strong user activity, and high holder profitability suggest bullish momentum. If $2,665 breaks with volume, ETH could enter a new uptrend.

🔹 Trade Setup:

• **Long above $2,665\ast \ast (target$2,700+)

• Support zone: $2,460-$2,500

📈 Stay updated with real-time ETH price action and on-chain data.

Disclaimer: Crypto trading carries risk. Always conduct your own research before investing.