Whale Sales and ETF Outflows Risk Dragging ETH Below $2,100

ETH trades near $2,100 after a 12% weekly drop fueled by concentrated Binance inflows and $255 million in ETF outflows. The period opened with Garrett Jin depositing 577,896 ETH ($1.35B) and the Ethereum Foundation unstaking $50 million, while Bitmine slowed weekly buys yet continued staking over 4.7 million ETH. Late-week data revealed defensive rotations into USDT alongside renewed whale accumulation, including a 4,677 ETH purchase lifting one address above $281 million. Analysts now attribute most selling pressure to Binance-specific flows rather than broad liquidation.