Ethereum sees record single-day inflow with 449K ETH in accumulation addresses

From Cointelegraph

April 24, 2025 3:10:00 pm:

Ethereum saw a record 449,000 ETH inflows to accumulation addresses on April 22, signaling long-term holders’ optimism. However, holders are currently underwater with a realized price of $1,981. Active addresses rose 10%, but DeFi activity remains weak with declining DEX volumes. Ethereum faces key resistance at $1,895, with potential selling pressure from investors. Technical analysis suggests a bearish trend, with a daily close above $2,142 crucial for a recovery. Anonymous trader Rektproof warns of a bearish fractal pattern, indicating a possible drop below $1,400 if markets turn downwards.

Read more at Cointelegraph: Ethereum sees record single-day inflow with 449K ETH in accumulation addresses