Ethereum Falls Below $2,800 as Binance Records Major Outflows and $350M in Liquidations

Ethereum came under significant selling pressure as multiple factors converged within a 24-hour period. Binance executed substantial ETH transfers to market makers and exchanges while over $350 million in leveraged positions were liquidated, according to Arkham Intelligence data. The asset broke below the $2,800 support level, with price reaching the $2,650 zone.