As of June 6, 2025, Ethereum is showing a clear reaction to the $2,392 level — the realized price of Binance user deposit addresses.
📉 This zone is acting as a key on-chain support, reflecting the average cost basis of Binance users who have deposited ETH. The market's bounce from this level highlights the impact of Binance user behavior on ETH’s current price structure.
📌 Realized prices across cohorts:
Binance User Deposit Address: $2,392
OKX User Deposit Address: $2,706
Addresses Frequently Receiving from CEX: $2,532
Highly Active Addresses: $2,513
🔺 Holding above $2,500 keeps most major cohorts — especially Binance users — in profit, lowering sell pressure.
🔻 A break below this threshold could drive a large share of ETH holdings into unrealized losses, triggering renewed distribution and potential downside.
🔍 Given Binance holds the highest ETH reserves among all centralized exchanges and has strong dominance in ETH on-chain movement, it’s critical to monitor this metric. The realized price of Binance user deposit addresses is a crucial level to watch in ETH’s market structure.
Written by Crazzyblockk
