Ethereum Exchange Outflows Surge Amid Bullish Setup
Ethereum's exchange outflows have surged to their highest level in three years, according to data from CryptoQuant. The monthly average of Ethereum withdrawal transactions on Binance has crossed 90,000, roughly double the level seen at the start of 2026.
This sudden increase in withdrawals may signal accumulation as investors move ETH away from exchanges and into private wallets or custody. The trend currently appears stronger than Bitcoin's, which has struggled to hold above its May high.
Ethereum has risen about 80% from $1,510 over the past three months and moved above its April high during this rally. ETH was trading above $2,700 after climbing 6% in 24 hours.