๐๐ง๐โ๐ ๐ง๐ฟ๐ถ๐ด๐ด๐ฒ๐ฟ ๐๐ฒ๐๐ฒ๐น: ๐ง๐ต๐ฒ $๐ฎ,๐ฏ๐ต๐ฎ ๐ ๐ฎ๐ฟ๐ธ ๐๐๐ฒ๐ฟ๐ ๐ง๐ฟ๐ฎ๐ฑ๐ฒ๐ฟ ๐ฆ๐ต๐ผ๐๐น๐ฑ ๐ช๐ฎ๐๐ฐ๐ต
โซ๏ธ Ethereum's recent price reaction around $2,392 wasnโt just random โ it aligns with a key on-chain metric tied to Binance user deposits, according to analyst @Crazzyblockk.
โซ๏ธ This level represents the Realized Price of Binance deposit addresses โ essentially, the average entry price of ETH held by users who sent coins to Binance.
โซ๏ธ Here are the realized price levels across major user categories:
Binance Deposit Addresses: $2,392
OKX Deposit Addresses: $2,706
CEX-Linked Addresses: $2,532
Highly Active Addresses: $2,513
โซ๏ธ Why does this matter?
Binance holds the largest ETH reserves among all CEXs and plays a major role in ETH on-chain migration. So, the $2,392 level carries heavy market influence.
โซ๏ธ As long as ETH stays above $2,392โ$2,500, most investors are in profit, reducing the chances of mass selling.
โซ๏ธ But if ETH dips below these realized prices, especially $2,392, many holders may turn red โ increasing risk of panic selling and price pressure.
โก๏ธ TLDR: $2,392 is not just a price point โ it's a psychological and structural support zone. Keep this level on your radar.
