Ethereum Investors Are Pulling ETH Off Binance at a Pace Not Seen in 3 Years
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CryptoPotato
Ethereum Investors Are Pulling ETH Off Binance at a Pace Not Seen in 3 Years
Ethereum climbed steadily on Monday. The leading altcoin rose 6% over the past 24 hours and trades above $2,700 at press time. New data now suggest that ETH is seeing a strong wave of accumulation. Quiet Accumulation Ethereum has rocketed by 80% from $1,510 in just three months. According to CryptoQuant, the rally has also changed the crypto asset’s recent market structure. It has moved above April’s high, showing stronger momentum. Bitcoin, mea…
Monthly ETH withdrawals from Binance surpassed 90,000 transactions, reaching their highest level since 2023; analysts believe this remains behind a 75% three-month rally…
According to CryptoQuant analyst Darkfost, there has been a significant increase in Ethereum (ETH) withdrawals from Binance. The average monthly number of ETH withdrawals on the exchange exceeding 90,000 indicates that medium- and long-term accumulation activity has reached its highest level in the last three years. Darkfost notes that the monthly average of ETH withdrawals on Binance is the highest seen since 2023. [...] Source: Bitcoinsistemi.…
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