The reduction of 300,000 ETH in Binance reserves is reshaping supply dynamics, which may boost bullish activity. As of now, ETH is priced at 2,605.85 USD, and resistance at 2,665 USD could signal a significant breakout opportunity for traders.
Despite lower gas fees, Ethereum maintains strong user engagement with approximately 555,880 daily active addresses. This engagement, along with many holders in profit, suggests that the confidence in Ethereum’s long-term value is intact and could foster price growth.
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