Binance Observes Institutional Ethereum Accumulation as Long-Term Holders Show Bullish Sentiment

Ethereum's market dynamics are currently displaying a notable divergence between institutional accumulation and short-term selling pressure. Over the past month, long-term holders have significantly increased their ETH balances by 1.49 million ETH, marking a 3.72% rise. This accumulation trend, often a precursor to major market movements, highlights strong conviction among investors during Ethereum's June consolidation phase. Despite this bullish sentiment, the Ethereum Foundation has been offloading 1,000 ETH daily, creating a contrasting pressure on the market. Binance, as a leading cryptocurrency exchange, is closely monitoring these developments, which could signal an impending price movement for Ethereum. The accumulation by smart money investors suggests confidence in Ethereum's long-term potential, even as short-term volatility persists.

Smart Money Accumulates Ethereum Amid Price Stagnation

Ethereum's market dynamics reveal a stark divergence between institutional accumulation and short-term selling pressure. Long-term holders have added 1.49 million ETH to their balances over the past month, a 3.72% increase that signals strong conviction during the June consolidation phase. This accumulation pattern, historically indicative of impending market movements, contrasts sharply with the ethereum Foundation's daily sales of 1,000 ETH and Binance's single-day inflow of 100,000 ETH.

The cryptocurrency remains rangebound between $2,400-$2,500 despite whale activity reaching 704,000 ETH in purchases on July 1st alone. Mining firms like BitMine and Bit Digital are reportedly shifting focus from Bitcoin to Ethereum, drawn by the network's staking yield potential and upcoming Fusaka upgrade. Market participants appear to be positioning for volatility, with Large Holders' Netflow spiking from 9,800 to 119,300 ETH during the accumulation phase.

BNB Price Targets $719 Post-Maxwell Upgrade as Bulls Gain Momentum

BNB Smart Chain's Maxwell upgrade has successfully launched, marking a technical advancement with faster blocks and improved network performance. This development has fueled bullish sentiment, pushing BNB's price above a descending channel pattern. The breakout level at $660 now acts as support, with analysts eyeing resistance zones between $677 and $698.

Market dynamics show BNB Chain's DEX market share surging from 5% to 30% in 2025, underpinning the asset's fundamental strength. Technical formations—including a VCP and inverse head-and-shoulders pattern—suggest further upside potential. Traders are watching the $675-$698 range as the next battleground for price action.