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Ethereum’s price has been volatile, struggling to maintain momentum after a recent market downturn. Key on-chain data reveals Binance’s realized price as a critical support level for ETH. Analysts warn of potential sell-offs if ETH drops below $2,500.
- Binance's realized price ($2,392) acts as a major support level for Ethereum due to its high ETH reserves and market influence.
- A sustained ETH price above $2,500 keeps most investors profitable, reducing sell pressure, while a drop below could trigger a sell-off.
- On-chain metrics reveal key price levels for ETH, with Binance, OKX, and active addresses showing distinct realized prices influencing market behavior.
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