Ethereum reserves on Binance dropped from 3.57 million to 3.47 million tokens in just three days, with over 100,000 ETH withdrawn, marking the lowest level in six months. This decline coincided with an ETH price correction, falling to $2,400 from a recent high above $2,700 amid broad selling pressure across the crypto market. Since August, reserves have fallen by approximately 11.5%, from 3.92 million to 3.47 million ETH, according to CryptoQuant data. This surge in withdrawals may indicate traders are taking advantage of the dip to buy at lower prices. If the trend continues, it could help ease immediate selling pressure and position Ethereum for a stronger rally when market sentiment improves.
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