Fresh data from Binance indicates a significant shift in Ethereum (ETH) market dynamics, with average order sizes on the rise since late July 2025. This trend suggests that large-scale Binance whales are driving the recent rally in the cryptocurrency.
Ethereum Rally Driven By Large-Scale Binance Orders
Recent analysis by CryptoQuant contributor Crazzyblockk highlights the dominance of Ethereum whales in order flows on the Binance exchange. The average ETH order size on the platform serves as a key indicator of this trend.
The accompanying chart illustrates different phases of average ETH order size on Binance. Retail-driven periods, marked in red, characterized much of 2023–24, with small orders impacting ETH’s price but leading to corrections.
These retail-driven phases were followed by neutral periods, shown in gray, reflecting investor indecision and sideways trading. However, as of mid-2025, whale orders – highlighted in green – have taken control, with average order sizes exceeding $3,000 per trade.
According to the CryptoQuant analyst, this shift towards whale dominance reflects renewed institutional confidence in ETH and aligns with its recent price surge. Larger average orders suggest a decrease in fragmented trades and a stronger directional conviction among investors.
Is ETH Getting Ready For A Rally?
While Bitcoin (BTC) has experienced a 4.1% decline over the past month, ETH has surged by 23.4% in the same period, indicating a potential capital rotation from BTC to ETH by large-scale investors.
Analysts anticipate further growth for ETH in 2025, with Ethereum contracts experiencing a resurgence and the possibility of a rally towards a new all-time high of $5,000 by year-end.
Ethereum fundamentals are also strengthening, with a significant amount of ETH staked on the blockchain, potentially leading to a supply crunch. Despite whale accumulation, some analysts caution that ETH could dip to $4,000. Currently, ETH is trading at $4,316, down 2.8% in the past 24 hours.
In conclusion, Ethereum’s market dynamics are evolving, driven by large-scale Binance orders and institutional confidence. The potential for a rally to new highs remains, but caution is advised amidst market fluctuations.
Featured image from Unsplash, charts from CryptoQuant and TradingView.com.