Binance ETH Withdrawals Surge to 3-Year High Amid Ethereum Price Rebound

Ethereum has reclaimed the $2,700 price level after a 6% daily gain on Binance. Withdrawal transactions from Binance have hit their highest monthly average in three years, crossing 90,000. This is roughly double the reading at the start of 2026.

CryptoQuant notes that the rise is 'fairly sudden' and suggests accumulation by holders moving ETH off exchanges into private wallets or custody rather than keeping it available for trading. Ethereum's accumulation trend appears stronger than Bitcoin's, which has struggled to hold above its May high.

Analyst Crypto Patel sees $2,715 to $2,900 as the next upside zone, with $2,360 as the level that keeps the bullish setup intact. The larger resistance band sits between $3,070 and $3,404.