Despite Maple Finance nearing $1 billion in active loans and expanding its footprint to Solana—the SYRUP token shows signs of fatigue.

Whales lose sweet tooth for SYRUP despite Maple Finance’s growth

Over the past few weeks, the Ethereum price has struggled to maintain its 
bullish momentum from early May. The altcoin has been stuck within a 
consolidation range, jumping between the $2,500 and $2,700 region. While the 
Ethereum price sat mostly above the $2,600 level throughout the past week, a 
market-wide downturn saw the altcoin&#8217;s value fall toward $2,400 on Friday, 
June 6. While the price of ETH has not fully recovered yet, it has at least 
managed to reclaim the $2,500 level over this weekend. Binance Realized Price 
Critical For ETH In a Quicktake post on the CryptoQuant platform, an on-chain 
analyst with the pseudonym Crazzyblockk revealed that the Ethereum price 
exhibited an interesting reaction around the $2,392 price level on Friday. The 
crypto pundit noted that this reaction is not random, as it occurred at a 
significant on-chain level — the realized price of Binance user deposit 
addresses. Related Reading: Bitcoin Sees Largest Net Taker Volume Drop Of 2025 
– Traders React To Trump-Elon Clash The relevant indicator behind this on- 
chain observation is the ETH Realized Price metric, which tracks the average 
cost basis of holders across different cohorts, including the Binance User 
Deposit Address, OKX User Deposit Address, Addresses Frequently Received From 
CEX, and Highly Active Addresses. Crazzyblockk highlighted the realized prices 
across these cohorts, with that of the Binance User Deposit Address standing 
around $2,392; OKX User Deposit Address at $2,706; Addresses Frequently 
Received from CEX at $2,532; and Highly Active Addresses with a realized price 
of $2,513. As seen during the latest dip, the $2,392 realized price represents 
a major on-chain support level, as it is the cost basis of several Binance 
user deposit addresses. &#8220;The market&#8217;s bounce from this level highlights the 
impact of Binance user behavior on ETH’s current price structure,&#8221; 
Crazzyblockk added. Crazzyblockk also noted that while $2,500 is an average 
realized price across all the highlighted cohorts, an important detail should 
not be overlooked — Binance’s influence on the general market. The crypto 
pundit explained that Binance holds the highest ETH reserves among all 
centralized exchanges and has strong dominance in ETH on-chain movement. For 
this reason, the analyst inferred that the realized price of Binance user 
deposit addresses ($2,392) is a crucial level to watch in ETH’s market 
structure. As a result, this level should be considered whenever financial 
decisions on Ethereum are about to be made. Finally, most investors would be 
in profit if Ethereum&#8217;s price stays above $2,500, thereby relieving the market 
of downward pressure, as investors are less likely to sell when in profit. On 
the flip side, a drop below $2,500 could result in a wave of unrealized losses 
for the altcoin’s holders, potentially triggering a sell-off and, 
consequently, an increase in downward pressure. Ethereum Price At A Glance As 
of this writing, the price of ETH stands at around $2,523, reflecting a 1.12% 
jump in the past 24 hours. Related Reading: Ethereum Stabilizes After Market 
Drop – Key MA Reclaim Could Trigger A June Rally Featured image from 
Unsplash, chart from TradingView

Ethereum Price Performance Could Hinge On This Binance Metric — Here’s Why

James Wynn warns that Binance founder Changpeng Zhao&#8217;s proposed dark pool 
perpetuals DEX could upend HyperLiquid’s edge.

Zhao dark pool DEX could sink HyperLiquid, says top trader

Cryptocurrency prices retreated last week as investors locked profits, Bitcoin 
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Over the past three years, bitcoin mining gear has evolved dramatically—from 
machines cranking out massive terahash to widely available rigs boasting 
efficiencies under 20 joules per terahash (J/TH). At the World Digital Mining 
Summit last month, Bitmain pulled back the curtain on a machine delivering 
over a petahash per second (PH/s) with an energy use […]

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Andre Cronje’s Sonic token is in freefall, having erased almost $1.3 billion 
in market capitalization since its relaunch in January. Sonic (S) price 
crashed to $0.3775 on Sunday, down by over 61% from its highest point this 
year. This crash…