Ethereum (ETH) Surpasses Realized Price as Binance Market Makers Lead Bullish Momentum

Ethereum (ETH) has officially crossed above its realized price for accumulating addresses — currently around $1,900 — marking a significant shift in market sentiment.

Ethereum (ETH) has crossed above its realized price for accumulating addresses, currently around $1,900, marking a significant shift in market sentiment. This price level, which represents the average price at which coins were last moved, is a crucial threshold that often signals broader profitability and growing market confidence.

As reported by CryptoQuant, long-term holders, particularly those using centralized exchanges like Binance, are now back in profit.

Recent ETH Outflows Predominantly From Binance

The crypto analytics platform's data also reveals that recent ETH outflows have predominantly originated from Binance, highlighting the exchange's status as the most active ETH trading hub by volume.

The key takeaways:

Binance deposit addresses are now showing profitability, with ETH prices exceeding their realized entry levels.

Historically, this has aligned with increased trader confidence, market resilience, and sustained upward momentum.

This convergence of high exchange activity and realized profitability reflects a healthy market structure. According to CryptoQuant analysts, it demonstrates that:

Traders are actively managing positions through the most liquid exchange.

Profit-taking is occurring in a controlled, non-disruptive manner, supporting the price rather than undermining it.

Binance maintains its dominance across Ethereum market cycles due to deep liquidity and trading volume.

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A Sign of Strength

While profit-taking is expected at higher price levels, the fact that ETH continues to rise alongside exchange activity suggests an underlying strength in the market. The current conditions mirror previous bullish phases where network confidence and centralized exchange activity aligned to drive price appreciation.

With ETH now reclaiming key on-chain metrics and trading above pivotal Fib levels, traders and analysts will be closely monitoring to see if this momentum carries the asset toward new highs.