Ethereum is reacting to the Binance user deposit address realized price, highlighting its role as a key psychological on-chain level.
Falling below $2,500 may trigger renewed distribution as major ETH cohorts face unrealized losses.
The Ethereum market seems to be holding an interesting story that many people may not have noticed. On June 6, 2025, the price of ETH was seen bouncing off the $2,392 mark—a level that has important markings.
Why $2,392 Is More Than Just a Number for ETH Holders
According to on-chain analysis by Crazzyblock on CryptoQuant, that level is the realized price of Binance user addresses that have deposited ETH to the exchange. This level reflects the average cost of those users when accumulating their ETH, and is now a kind of psychological boundary.
Currently, the price of ETH is around $2,525.80, up 1.97% in the last 24 hours. But if you look more broadly, its movement has been sideways for the past few weeks. It can be said that the market is waiting for
