{"id":35420,"date":"2025-07-06T18:47:01","date_gmt":"2025-07-06T18:47:01","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=35420"},"modified":"2025-07-06T18:47:01","modified_gmt":"2025-07-06T18:47:01","slug":"ethereum-reserves-on-binance-hits-2023-level-what-happened-last-time","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=35420","title":{"rendered":"Ethereum Reserves On Binance Hits 2023 Level \u2014 What Happened Last Time?"},"content":{"rendered":"
\n

After a dismal outing in the first quarter<\/a> of 2025, the price of Ethereum put up a strong resurgent performance in the subsequent three months. While its price has somewhat slowed in recent weeks, the acclaimed \u201cking of altcoins\u201d is in a much better position than it was three months ago.<\/p>\n

However, Ethereum\u2019s recently found position seems to be at risk, according to the latest on-chain revelation. Recent data shows that ETH investors seem to be moving their tokens away from long-term storage and rather onto centralized trading platforms.<\/p>\n

Bullish Perspective On Rising ETH Reserves On Binance<\/b>\u00a0<\/h2>\n

In a Quicktake post on the CryptoQuant platform, on-chain analyst BorisVest shared<\/a> that the Ethereum reserves on Binance, the world\u2019s largest exchange by trading volume, have been swelling over the past few weeks. According to the crypto pundit, the exchange now holds over 4% of ETH\u2019s total circulating supply.<\/p>\n

Data from CryptoQuant shows that the Ethereum reserves on Binance have not risen to this level since May 2023. Typically, the flow of ETH tokens to centralized exchanges \u2014 which usually offer trading services \u2014 suggests that the assets are being positioned to be offloaded or sold into the open market.<\/p>\n

Hence, the recent surge in the Ethereum reserves on Binance is a bearish signal for the price of ETH, as it signals impending selling pressure. This means that this trend could exacerbate an ongoing price correction or trigger the beginning of downward price movement<\/a>.<\/p>\n

\"Ethereum\"<\/p>\n

However, BorisVest also painted a bullish picture for the Ethereum price based on this on-chain observation. \u201cIf these ETH transfers are being positioned ahead of a potential rally, and price holds firm despite increasing reserves, it could indicate strong underlying demand or strategic positioning by whales,\u201d the analyst said.<\/p>\n

Furthermore, BorisVest mentioned that the last time the Ethereum reserves on Binance rose to this level, the price of ETH dropped from $1,900 to around $1,600. However, this brief price correction was followed by a sharp, abrupt rally to the upside.<\/p>\n

The on-chain analyst also noted that the ETH price has not witnessed any major downward movement since the Binance reserves started rising, suggesting price resilience by the altcoin. Ultimately, BorisVest urged investors to stay alert as these recent exchange movements could trigger the next move for the Ethereum price<\/a>.<\/p>\n

Ethereum Price At A Glance<\/b><\/h2>\n

As of this writing, the ETH token is valued at around $2,516, reflecting a 0.4% price increase in the past 24 hours.<\/p>\n

\"Ethereum\"<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

After a dismal outing in the first quarter of 2025, the price of Ethereum put up a strong resurgent performance in the subsequent three months. While its price has somewhat slowed in recent weeks, the acclaimed \u201cking of altcoins\u201d is in a much better position than it was three months ago. However, Ethereum\u2019s recently found […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-35420","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/35420","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=35420"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/35420\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35420"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35420"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35420"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}