Ethereum Withdrawals on Binance Hit 3-Year High

As the crypto market begins to see a rapid shift in investor behavior and momentum appears to be building again, Ethereum withdrawal transactions on Binance are beginning to retest record levels.

According to the latest data provided by crypto analytics platform CryptoQuant, Ethereum withdrawal transactions on Binance have surged to their highest level in more than three years.

166,000 $ETH exit Binance in 24 hours

Following the surge in Ethereum withdrawal activity seen on the leading

crypto exchange

, the data further showed that Binance recorded over 166,000 $ETH withdrawal activity in a single day.

Apparently, this marks the strongest single-day withdrawal activity the exchange has seen since March 2023, signaling a sudden surge in interest among investors.

The sharp surge in Ethereum withdrawals on Binance has sparked discussions across the crypto community amid rising curiosity about the sudden shift in investor sentiment.

While the surge happened around the $1,500 price level, analysts have predicted that investors may have considered the level as an attractive entry point, causing them to aggressively accumulate the asset at this level.

Ethereum down 67% from 2025 peak

Furthermore, the surge in Ethereum withdrawals on Binance arrived at a time when Ethereum is attempting to recover after suffering a prolonged market correction.

Prior to the sudden rise in Ethereum withdrawals, the asset continued to face consistent price declines since its previous peak in early 2025.

Over this period, Ethereum has fallen by about 67%, a decline estimated to be about 15% deeper than Bitcoin's decline during the same period.

However, the past two days have seen Ethereum show signs of recovery, rebounding to above $1,700 after posting a notable increase of about 10% within just 48 hours.