Ethereum Withdrawals on Binance Hit 3-Year High Amid Recovery Efforts

Ethereum withdrawal activity on Binance has reached its highest level in over three years, according to data from crypto analytics platform CryptoQuant.

The surge saw more than 166,000 ETH exit the exchange in a single day, signaling a sudden shift in investor behavior and momentum.

This marks the strongest single-day withdrawal activity on Binance since March 2023, indicating that investors may be accumulating Ethereum at its current price level of around $1,500.