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Ethereum miner transfers to Binance hit yearly lows, easing selling pressure as ETH holds below $2,000.

Technical Signals
29 Jul 2026
Blockonomi
View Source
Bullish
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Ethereum miner transfers to Binance have dropped to near their lowest levels in a year, indicating reduced selling pressure on the market. This decline in miner deposits suggests fewer ETH coins are being sold, supporting price stability. Ethereum's price is trading around $1,929, below the key $2,000 resistance, with mild bullish momentum but no strong breakout yet. The market awaits stronger institutional demand to push prices above resistance and sustain a recovery, while support near $1,880-$1,900 remains crucial to avoid a pullback toward $1,800.

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