Ethereum Near $2,977 as Binance Staking Moves ETH
The post Ethereum Near $2,977 as Binance Staking Moves ETH appeared on BitcoinEthereumNews.com.
Ethereum hovered near $2,977 as traders tracked big Binance staking wallet moves, repeated support retests, and liquidation pressure building above spot. Together, the charts frame a market watching whether ETH can hold key levels and challenge nearby resistance. Arkham Data Shows Large ETH Moves Between Binance Staking Wallets Arkham’s transfer page shows multiple large Ethereum outflows between two Binance labeled wallets, “Binance: Eth2 Staking (0xF17)” and “Binance: Eth2 Staking (0xBdD).” The log includes recent transfers of 80,000 ETH marked “1 day ago” and another 80,000 ETH marked “5 days ago,” alongside older moves such as 20,000 ETH and 70,000 ETH around three months ago. The entries display USD estimates in the hundreds of millions for several of the transfers. Binance ETH Staking Transfers. Source: Arkham / X A social media post circulating with the screenshot claimed Binance “staked $500 million worth of ETH this week” and called the activity “bullish for Ethereum.” However, the screenshot itself shows wallet to wallet movements between Binance staking labeled addresses, so it does not, on its own, prove new staking demand from external users or net new ETH entering Binance staking. The same post also included a promotional line asking readers not to forget to “drop your sol wallet address.” Meanwhile, the on chain view shown in the image focuses on Ethereum transfers and does not reference Solana wallets or any giveaway mechanics. Ethereum Trades Near $2,977 as Analyst Tracks Support Hold Meanwhile, Ethereum traded near $2,977 on the ETH USDT 2 hour Binance chart after returning above a highlighted support zone, according to a TradingView screenshot shared by DonnieBTC on X. The chart shows ETH rebounding from a sharp mid week drop and then revisiting the same price band several times. Price action also remains capped by a descending trendline that links earlier…
Filed under: News - @ December 21, 2025 11:22 am