Ethereum Surpasses Realized Price as Binance Traders Lead Bullish Momentum

Ethereum

Ethereum Surpasses Realized Price as Binance Traders 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.

According to blockchain data from CryptoQuant, this price level is a crucial threshold that often signals broader profitability and growing market confidence.

Long-Term Holders Back in Profit

The realized price, representing the average price at which coins were last moved, has long served as a key on-chain indicator for investor sentiment. With ETH now trading well above this level, long-term holders — particularly those using centralized exchanges like Binance — are once again in profit.

Binance at the Center of ETH Activity

CryptoQuant‘s data also highlights that recent ETH outflows have predominantly originated from Binance, reinforcing 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.
• This has historically aligned with increased trader confidence, market resilience, and sustained upward momentum.

Market Implications

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.

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, traders and analysts alike will be watching closely to see if this momentum carries the asset toward new highs.