Ethereum Price Breaks $2,100, Can ETH Maintain the Upside Momentum?

Key Insights:

• Ethereum Price reclaimed $2,100 as large ETH transfers to Binance reshaped short-term market dynamics.
• Trend Research-linked wallets moved millions in ETH to Binance, signaling coordinated exchange inflows.
• Exchange flow data showed volatile netflows, aligning ETH price swings with shifting spot market behavior.

Ethereum price moved back above the $2,100 level as market participants assessed fresh on-chain activity and shifting exchange flows.

The move followed several days of volatility, as price action reacted to large Ethereum transfers and shifting spot market dynamics.

Data shared by analyst Ted Pillows placed renewed focus on whether ETH price can hold recent gains or face renewed downside pressure.

Ethereum price crossed the $2,100 mark during intraday trading. According to chart observations, a daily close above this level could open the path toward the $2,400 region.

At the same time, losing the $2,100 zone could expose ETH to another test of recent weekly lows.

This price movement occurred alongside Ethereum transfers involving Trend Research-linked wallets. On-chain data showed concentrated ETH inflows to Binance over a short time window, drawing attention from traders monitoring liquidity signals.

Ethereum Price in Focus as Binance Inflows Gain Traction

Ethereum price activity coincided with a series of sizable Ethereum transfers routed directly to Binance deposit addresses. The transfers spanned roughly two days, with the most recent transactions occurring several hours before data capture.

All major transactions were labeled as Binance deposits, indicating centralized-exchange inflows rather than internal wallet movements.

One transfer involved 11,000 ETH valued at about $23.03 million at the time of execution. Another showed 9.77K ETH worth roughly $20.55 million.

Trend Research Dumps Ethereum | Source: Ted Pillows, X

Additional deposits included 10,000 ETH valued at $20.48 million, 8,000 ETH worth approximately $16.49 million, and 11.919K ETH valued at around $24.52 million. Smaller movements, including 534 ETH and sub-1 ETH transfers, appeared alongside the larger deposits.

The transactions originated from multiple Trend Research-labeled wallets. This pattern showed coordinated activity across multiple addresses rather than a single wallet source.

Ted Pillows stated that Trend Research sold its remaining $44 million in ETH, resulting in a reported total loss of $750 million on the Ethereum trade.

Ethereum Price Structure Highlights Key Resistance and Demand Zones

Ethereum price structure on the ETH/USDT Binance chart showed the asset trading below several former support zones. Price action previously failed to hold rebounds from late-2025 highs, forming lower highs into early 2026.

A breakdown occurred through a key ETH price support band near the mid-$2,400 area, which had acted as a consolidation zone.

Ethereum (ETH) Price Analysis | Source: Ted Pillows, X

Upon the loss of that level, the price of ETH continued to decline and crossed a support level around $2,100 before stabilizing. With chart markings, the former support areas have become overhead resistance.

Such a move hints at whether Ethereum (ETH) can take over these areas or stay stuck under them. Beneath the current Ethereum price, the high-demand areas were highlighted around the high-1,700 mark.

There was a larger demand market stretching to the mid-1,400s. These areas also correspond to the previous accumulation points of the previous market stages.

The chart projections identified two scenarios. One reflected a short-term relief bounce out of lack of demand areas and retest of broken resistance. The other scenario depicts further decrease when support level is lost.

ETH Exchange Flow Data Reflects Shifts in Spot Market Behavior

The price movement of Ethereum also tracked the exchange’s inflows and outflows over a longer period. Spot flow records were used to monitor alternating periods of net inflows and net outflows and price action.

There were some strong flow spikes coinciding with higher volatility.

Spot ETH Inflow | Source: Coinglass

The past phases were marked by huge outflows on the first, with Ethereum quitting exchanges when the price was increasing. The increased inflows followed later, when prices were close to local highs. Netflows turned out to be unstable at the end.

There was a big outflow spike and a declining ETH price. This disparity signaled an exchange withdrawal that occurred as the price dropped. The statistics showed a repositioning move rather than unremitting sales pressure.

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