$ETH

Ethereum has been making waves on Binance, with approximately 7.8 million ETH withdrawn from the exchange in just two months. This significant outflow suggests that investors are accumulating ETH for long-term holding or staking purposes, which could indicate a bullish market sentiment ¹.

In terms of price movement, Ethereum has recorded a 2.4% decrease in the past 24 hours, currently trading at around $3,858. Despite this, analysts predict that Ethereum could still see further correction in its price, potentially dropping to $3,400 ¹.

On a more positive note, Deutsche Bank, Germany's largest lender, is reportedly working on its own layer-2 blockchain on Ethereum using ZKsync technology. This development could boost Ethereum's adoption and price in the long run ¹.

As for Binance's latest announcements, the exchange has revealed plans to list Moca Network token in its Futures platform with up to 75x leverage, sparking optimism among market participants ².