Ethereum breaks $2,560: ETH withdrawals from Binance hit 3-year high
- —ETH trades at $2,637, up 4.6% for the week
- —Monthly average ETH withdrawals from Binance above 90,000 — double the start of the year
- —Inflows into ETH ETFs exceeded $10 billion, the quarter is the second-best in history
- —Next target is $2,760, with some traders eyeing $3,000
Why it matters: Rising exchange withdrawals point to accumulation in private storage, which reduces selling pressure and supports ETH's bullish trend.
Source: Blockonomi