Ethereum price pressured after $396M ETH moved to Binance by whale Garrett Jin.

Ethereum's price remained nearly flat but under pressure following a large transfer of 166,023 ETH (about $396 million) to Binance by prominent whale Garrett Jin. This move raised concerns of a potential selloff that could dampen market sentiment and delay price recovery. Jin still holds over 381,000 ETH worth more than $907 million, keeping investors watchful for further transfers. Despite this, institutional buying, such as Bitmine's recent purchase of 40,000 ETH, continues to support Ethereum's outlook. Analysts note key price levels at $2,400 resistance and $2,300 support that will influence near-term price direction.