Ethereum’s recent rally could come under renewed selling pressure. On-chain data shows that Trend Research has made a big move by transferring huge amounts of funds to Binance. The analytics firm has transferred an additional 77,491 ETH (equivalent to approximately $354.5 million) to Binance in the past 10 hours, indicating that Binance may be sold.
Trend Research deposited an additional 77,491 $ETH ($354.5 million) into #Binance for sale in the last 10 hours.
In the past 4 days, they deposited 143,124 $ETH ($642 million) to #Binance. https://t.co/Oh2Nr7xOtG pic.twitter.com/yITKkuzykv
— Lookonchain (@lookonchain) October 5, 2025
The latest transfers are in line with a broader trend that has been evident throughout this week. Trend Research alone was able to add 143,124 ETH worth approximately $642 million to exchanges in the past four days.
Large deposits are often made before selling, and traders tend to closely monitor short-term volatility.
Ethereum price holds above $4,500 amid market caution
Ethereum is currently trading at $4,530. This is quite bullish considering the dramatic inflows over the past few days. The market is showing support in the $4,200 area, and the next key resistance is $4,670, an area where Ethereum price will either resume its uptrend or bring about a short-term downtrend.
Traders note that even though the strength of assets above $4,500 suggests strong market demand, whale accounts like Trend Research could generate significant selling pressure.
Historically, these deposits typically resulted in mild modifications before a period of recovery began.
Repeated transactions reveal active whale locations
This is not the first time Trend Research’s wallet activity has attracted attention. This is in contrast to the fact that two weeks ago, the company transferred 16,800 ETH (approximately $72.88 million) to Binance when the coin price was around $4,338.
They had previously sold 43,377 ETH (equivalent to approximately $191.82 million) at an average price of $4,422, indicating that they are active in their holdings, concentrating around key market levels.
Ethereum consolidation, market to watch next move
Ethereum has some promising technological prospects despite the large amount of deposits. On-chain metrics for networks continue to be robust, adoption is increasing, and more and more Layer 2 solutions continue to expand.
But traders are watching to see whether the new reserves continue as whales start selling for profits.
As long as Ethereum can hold above the support zone around $4,200, it can ignore it and continue to consolidate once more before attempting to break out of the zone again, potentially breaking the support boundary around $4,670 in the coming sessions.
