Ethereum’s recent rebound is being met with a new challenge. Fresh data from CryptoQuant shows that more ETH is flowing back onto Binance while large investors are becoming less active, creating conditions that could leave the market vulnerable if demand weakens.
Since late June, the Ethereum reserves of Binance have increased from 3.64 million ETH to 3.87 million ETH, which is an additional 221,000 ETH, one of the highest increases in reserves recently. It indicates that there are more tokens that could be used for trading.
Source: CryptoQuant
Increased reserves don’t indicate a sale; however, increased reserves generally imply higher liquidity available quickly to reach the market. The significance of this event lies in the fact that it takes place amid lower price levels compared to those at the end of 2025.
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Whale Activity Falls Into “Whale Left” Zone
CryptoQuant’s Whale Activity data proves that the whales are currently trading less. The volume per trade of the whales fell from roughly 1,500 ETH in mid-May to 1,000 ETH and went down to the “Whale Left” level.
It is clear that the big players, such as institutional and retail whales, are very cautious and conservative and do not trade actively. With the increase in exchange balances and reduction in whale trading activity, the market is getting weaker.
Market Liquidity Could Become More Fragile
Slowing down in terms of whale movement may also impact liquidity. With large traders exiting the scene, there will be fewer orders in the book, causing prices to react more sensitively to minor buying and selling orders.
Source: CryptoQuant
In such a case, Ethereum will experience volatile price movements on a short-term basis even if the total trading volume does not change. According to CryptoQuant, the latest rally is not supported by large players.
Ethereum Technical Picture Remains Uncertain
According to TradingView, ETH currently trades at $1,777 and continues to trend downwards despite multiple attempts to break through resistance.
The coin has been able to maintain support in the range of $1,700 – $1,750, where buyers are attempting to buy off sellers. However, it is being stated that a sustained move above the range of $1,900 – $2,000 is required.
Source: TradingView
Momentum Indicators Show a Mixed Picture. In this regard, the MACD indicator suggests that the downtrend momentum is decelerating, while the Relative Strength Index remains below the midline, which means that sellers prevail despite stabilization.
Currently, it appears that Ethereum is on hold. In case large buyers do not appear soon and support price growth, rising exchange supply may put pressure on the market going forward.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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