Ethereum Accumulation Addresses Surge: 1.11 Million ETH Acquired Amid Bullish Sentiment

Ethereum has recently experienced a significant uptick in accumulation activity, with addresses acquiring over 1.11 million ETH in just one week. This surge in accumulation comes as the cryptocurrency market shows signs of renewed bullish momentum, leading to speculation about Ethereum's potential price trajectory.

Key Takeaways

• Accumulation addresses have purchased 1.11 million ETH in the past week.

• Active Ethereum addresses increased by nearly 10% in 48 hours.

• Ethereum's price is currently facing resistance around $1,800.

• A record single-day inflow of 449,000 ETH was recorded on April 22.

Accumulation Addresses Show Strong Activity

Recent data indicates that Ethereum accumulation addresses, which are wallets that have never spent their funds, have seen a remarkable inflow of over 1.11 million ETH between April 17 and April 23. This marks the highest weekly inflow for 2025, signaling a resurgence of confidence among long-term investors.

• Inflow Breakdown: Nearly half of the total inflows occurred after a price surge on April 22, suggesting that investors are capitalizing on the bullish trend.

Active Addresses on the Rise

In addition to the accumulation activity, Ethereum's active addresses surged from approximately 306,000 to over 336,000 within a span of 48 hours. This 10% increase reflects growing network engagement and suggests that more users are interacting with the Ethereum blockchain, despite recent price fluctuations.

• Price Movement: Following this increase in active addresses, Ethereum's price rebounded from a low of $1,585.70 to around $1,756, indicating a potential correlation between user activity and price support.

Price Resistance and Market Dynamics

Despite the positive developments, Ethereum is currently facing significant resistance around the $1,800 mark, compounded by the 50-day Simple Moving Average (SMA). The market dynamics suggest that while bullish momentum is building, sellers are still exerting pressure at this critical level.

• Key Resistance Levels: The next major resistance is identified at $1,895.50, where a substantial number of ETH was acquired during previous price rallies.

Record Inflows and Market Sentiment

On April 22, Ethereum recorded a historic single-day inflow of 449,000 ETH into accumulation addresses, valued at an average price of $1,750. This influx indicates that long-term holders remain optimistic about Ethereum's future, even as the current market price is below their realized price of $1,981.

• Market Sentiment: The increase in inflows and active addresses suggests a shift in market sentiment, with many investors looking to accumulate ETH at current prices.

Conclusion

As Ethereum approaches its 10th anniversary, the recent accumulation trends and rising active addresses signal a potential turning point for the cryptocurrency. While resistance levels pose challenges, the overall bullish sentiment and increased network activity may pave the way for future price gains. Investors will be closely watching how Ethereum navigates these critical resistance points in the coming days.

Sources

• Ethereum Sees Notable Upside As Market Turns Bullish, A Surge To $2,000 Plausible?, Bitcoinist.com.

• Ethereum Wallet Activity Spikes 10% as Golden Cross Buzz Builds Up—Bullish Signal?, The Market Periodical.

• Ethereum active addresses jump 10% in 48 hours, Crypto News.

• Accumulation addresses grab 1.11 million ETH as bullish momentum rises, FXStreet.

• Ethereum sees record single-day inflow with 449K ETH in accumulation addresses, Cointelegraph.