Ethereum is facing one of its most intense 24-hour shake-ups as Binance outflows, heavy liquidations, and a key support break hit at the same time. The combined pressure shows how quickly leveraged positions and exchange flows can drive sharp market shifts. Binance ETH Outflows Intensify as Price Slides Binance moved large batches of Ether across exchanges while ETH dropped toward the 2700 zone, according to Arkham’s real-time data. Transfers from several Binance hot wallets sent thousands of ETH to venues such as GSR Markets, Wintermute, Bitfinex, KuCoin, BTSE, and OKX, coinciding with more than 350 million dollars in ETH liquidations in 24 hours. Binance ETH Outflows Chart. Source: DeFiTracer The chart shows ETH breaking below support as long positions hit margin thresholds and trigger forced unwinds. At the same time, outgoing flows from Binance to market-making desks and other exchanges include multiple transactions above one million dollars each, recorded within minutes. This overlap of heavy liquidations and large outbound transfers created a feedback loop that deepened ETH’s decline. Longs unwound into thinning liquidity while Binance-linked flows added selling pressure, leaving the sharp drop visible on both price charts and on-chain dashboards. ETH Longs Wiped Out as Liquidation Bands Shift Lower Meanwhile, Binance’s ETH/USDT heatmap shows a clear cascade of long liquidations as price slid from above 2900 toward 2700. The highest liquidation clusters sit between roughly 2900 and 3050, where repeated yellow and green bands mark heavy forced exits while price trended lower through that zone. Ethereum Liquidation Heatmap Binance. Source: Coinglass Then the map reveals a second, tighter liquidation pocket around 2800. As ETH lost that level, liquidation intensity briefly spiked, confirming that many leveraged longs were positioned just below prior support. After that flush, the upper bands thin out, suggesting that a large portion of high-leverage exposure above 2800 has already been cleared. Now attention turns to the new bands forming below price. Fresh liquidation stripes appear around 2700 and extend toward the mid-2600 area, indicating that traders are still opening positions in the falling market. If the downtrend continues, those lower bands outline the next zones where another wave of forced selling could emerge. Ethereum Risks Deeper Slide After Losing 2800 Support Ethereum has broken below its key 2800 support, shifting that zone into resistance on the daily chart shared by analyst Ted. Price already wicked down into the 2650 area, where ETH is now attempting a short-term recovery inside a broader downtrend. Ethereum Support Break Chart. Source: TedPillows Now the crucial test sits just overhead. If buyers manage to push Ethereum back above 2800 and hold it, the chart leaves room for a rebound toward the next resistance band near 2940. That move would signal that the recent breakdown was a deviation and that demand has returned around the old range lows. However, the chart also maps out a clear downside path. If ETH fails to reclaim 2800 and instead gets rejected at that level, the structure favors another leg lower into the 2500 region and possibly the deeper green demand zone just above 2370. In that case, the lost support would confirm as resistance and extend the current series of lower highs and lower lows.
