Key Highlights:
- Ethereum accumulation addresses purchased over 1.11 million ETH in the past week.
- Declining net buy volume signals weakening bearish pressure.
- Investors took profits with 178,900 ETH net inflows to exchanges on Thursday.
- ETH faces resistance at $1,800 and the 50-day Simple Moving Average (SMA).
Ethereum Accumulation Addresses Show Strong Confidence
Ethereum accumulation addresses—tracking wallets that only receive and never spend ETH—have demonstrated renewed bullish sentiment, absorbing 1.11 million ETH between April 17–23. Nearly half of these inflows occurred after Tuesday’s price surge.
👉 Why Ethereum accumulation trends matter for long-term holders
Net Buy Volume Hints at Seller Exhaustion
Ethereum’s net buy volume (the difference between futures contract buy/sell orders) reveals a gradual decline in bearish dominance since January, despite ETH’s price drop. This suggests sellers are losing momentum, with the April 11 dip to $1,473 potentially marking a bottom.
| Metric | Trend | Implication |
|-----------------------|--------------------|---------------------------------|
| Weekly ETH Inflows | 1.11M ETH | Strong accumulation phase |
| Net Buy Volume | Declining negatives | Bearish pressure fading |
Exchange Inflows Reflect Short-Term Caution
On Thursday, ETH saw 178,900 ETH ($317M)** net inflows to exchanges—a sign of profit-taking. While this pushed prices briefly below **$1,750, such sell-offs often occur when short-term traders exit positions during recoveries.
Ethereum Price Analysis: Key Levels to Watch
Resistance at $1,800 and 50-Day SMA
ETH faces stiff resistance at $1,800, reinforced by the 50-day SMA. A breakout could:
- Target the $2,000 psychological level.
- Challenge the $2,100–$2,200 resistance zone.
Support Levels
- Immediate support: $1,688.
- Secondary support: Downward trendline (if $1,688 fails).
Technical Indicators:
- Stochastic Oscillator: Retreating from overbought territory.
- RSI: Above neutral (moderate bullish bias).
- AO Histogram: Declining bars below neutral.
FAQs: Ethereum’s Near-Term Outlook
Q: What’s driving ETH accumulation?
A: Long-term holders are capitalizing on lower prices, with accumulation addresses hitting a 2025 weekly high.
Q: Why are exchange inflows concerning?
A: Large inflows (like 178,900 ETH) indicate profit-taking, which can slow bullish momentum.
Q: Can ETH break $1,800 soon?
A: Yes, if buyer demand outweighs resistance. Watch the 50-day SMA and futures market sentiment.
Q: What’s next for Ethereum?
A: July marks Ethereum’s 10th anniversary, with the Ethereum Foundation planning global events to celebrate.
👉 Explore Ethereum’s roadmap and upgrades
Disclaimer: This content is for informational purposes only. Always consult a financial advisor before investing. CFDs are leveraged products with high risk.
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