TLDRBinance announced scheduled maintenance on the Ethereum network that will cause a brief service pause.The exchange confirmed that deposits and withdrawals will stop five minutes before the update begins.Binance stated that user funds will remain secure throughout the maintenance period.The platform said Ethereum trading will continue without any disruption during the update.The exchange plans to resume transfers once it verifies network stability.Binance plans short maintenance on the Ethereum network today, and the exchange warns of a temporary service pause as work begins, and states that user funds remain secure throughout the update. The exchange sets the start time for 6:00 a.m. UTC, and it outlines clear steps to control traffic. This notice arrives as the market tracks recent price drops, and traders expect tighter conditions.Ethereum Maintenance Schedule by BinanceBinance confirms that the update will run for 1 hour and that the exchange will pause deposits and withdrawals before the process starts. The platform says this step will help protect users and keep internal operations steady.We're performing a brief wallet maintenance on the Ethereum Network tomorrow, Feb 24th. Starts: 06:00 UTC Estimated Down-time: 1 hour Note: Deposits/withdrawals will be paused 5 mins prior to the start.Funds are SAFU! https://t.co/0Gc6vnytL3 pic.twitter.com/vMFdJndl1u— Binance (@binance) February 23, 2026The exchange adds that trading for Ethereum tokens will continue, and it stresses that core market activity stays open. It explains that only transfer actions will stop briefly, and it also plans to restore them once network checks finish.The exchange repeats that funds remain safe, and it highlights that all assets stay fully backed during the maintenance window. Binance says this assurance is key to trust, and it promises to track network conditions closely.It states that the outage should end quickly, and it aims to confirm stability before reopening services. The team reports that internal systems are ready, and it expects no delays once the network stabilizes.Binance also says users will receive updates through its official channels, and it encourages them to monitor alerts. It explains that this approach helps reduce confusion, and it also allows support teams to respond faster.The exchange calls this operation routine, and it says similar tasks occur across supported networks. It explains that these steps improve performance, and they also prepare systems for future upgrades.Market Conditions During Ethereum DowntimeEthereum trades lower today, and the price reflects broader losses across major assets. Analysts report steady declines this week, and the asset continues to show pressure.Data shows that crypto funds recorded outflows, and Ethereum appears among the affected entries. The shift mirrors weak sentiment, and it also limits near-term activity.Some assets post small inflows, and XRP and Solana fall within that group. Their movement stays modest, and it offers limited contrast to Ethereum’s trend.Market observers link the timing of maintenance to the wider downturn, and they track reactions across exchanges. Traders adjust positions carefully, and they shift focus to liquidity patterns.Ethereum’s current value sits below recent highs, and its chart displays tighter moves. The market weighs short-term risks, and it also awaits fresh trading data.Binance states that it will reopen withdrawals only after confirming full stability, and it continues to monitor the network. The exchange reinforces its timeline publicly, and it directs users to its updates for the latest information.The post Ethereum Network Set for Maintenance as Binance Prepares Temporary Halt appeared first on Blockonomi.