Ethereum hovered near $2,977 as traders tracked big Binance staking wallet moves, with repeated support retests and rising liquidation pressure above the spot price. Transfers between two Binance Eth2 Staking wallets, ‘Binance: Eth2 Staking (0xF17)’ and ‘Binance: Eth2 Staking (0xBdD),’ showed multiple large Ethereum outflows. The on-chain logs record recent transfers of 80,000 ETH marked ‘1 day ago’ and another 80,000 ETH marked ‘5 days ago,’ along with earlier moves of 20,000 ETH and 70,000 ETH dating back roughly three months, with USD values in the hundreds of millions. The entries display USD estimates in the hundreds of millions for several of the transfers.
Ethereum trades near $2,977 as analysts track support hold. Ethereum moved to above the highlighted support zone on the ETH/USDT 2-hour Binance chart after returning above the zone. The chart shows ETH rebounding from a sharp midweek drop and then revisiting the same price band several times. Price action also remains capped by a descending trendline that links earlier highs, while several shaded bands above current levels mark nearby resistance areas on the chart.
A CoinAnk liquidation heatmap shows a large concentration of potential liquidation levels above Ethereum’s recent trading range as ETH moved from the low $3,100s into the $2,700s and then stabilized near the $2,900 to $3,000 area over the past week. On the chart, the brightest horizontal band sits above current price, clustered around the low $3,000s. In this heatmap, brighter colors usually mark larger pools of leveraged positions that could be forced closed if price trades into that zone, because liquidations tend to trigger around common leverage entry points and stop levels. CW wrote that high leverage short positions on ETH will be liquidated soon.
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