Ethereum Whales Make Significant Withdrawals from Binance

According to recent data, a group of large-scale Ethereum investors have withdrawn over $118 million worth of ETH from the leading cryptocurrency exchange Binance. This move has been tracked through on-chain analytics tools and may indicate strong buying interest from institutional or high-net-worth players.

The withdrawals, which totaled 54,763 ETH, were made by three newly created wallets within a two-hour period as of March 24, 2026. This accumulation might be tied to upcoming Ethereum network upgrades or ETF inflows, driving potential trading opportunities in ETH/USD and ETH/BTC pairs.

On-chain metrics reveal increased whale activity as a precursor to rallies, with similar patterns in past cycles leading to ETH price surges of 10-20% within days. Traders could look for entry points if ETH breaks above resistance at $2,300, with stop-losses set near $2,100 to manage risks.