Warpcast

Ethereum Price Performance Could Hinge On This Binance Metric — Here’s Why
Ethereum recently fluctuated between \$2,500 and \$2,700 but dipped to around \$2,400 on June 6 before rebounding. Analyst Crazzyblockk highlighted that the bounce near \$2,392 aligns with the realized price of Binance deposit addresses, a key on-chain support. Binance’s large ETH holdings give this level strong market influence. Other cohorts show higher realized prices, but Binance's dominance makes \$2,392 critical. If ETH stays above \$2,500, selling pressure eases; falling below it could trigger losses and a sell-off.