Despite a gloomy market climate, Ethereum sends a strong signal: 449,000 ETH were transferred in one day to accumulation addresses, an absolute record. This strategic movement, observed in full prices, reveals tenacious confidence in certain long -term investors. Contrary to the ambient feeling, this operation questions a possible cycle change, while volatility remains high and economic uncertainties continue to weigh on the entire crypto sector.
In short
- A record influx of 449,000 ETH was observed on Ethereum accumulation addresses in a single day, indicating a strategic repositioning of investors.
- This massive accumulation comes while the market is falling back, with an average purchase price lower than the current level, which reveals a long -term calculated risk -taking.
- The number of addresses active on the Ethereum network jumped 10 % in two days, illustrating a resumption of activity despite a globally wait -and -see climate.
- In parallel, commitment to DEFI platforms remains low, reflecting a gap between network activity and the concrete use of decentralized applications.
A historic influx to accumulation addresses
On April 22, 2025, Ethereum experienced one of the most significant movements in its recent history: 449,000 ETH were transferred to accumulation addresses. Indeed, this influx, the highest ever recorded in one day on this type of address, was carried out at an average price of $ 1,750.
It is a colossal accumulation that reflects a long -term investment strategy, even in the latent loss zone. At this price level, these holders display an average cost of acquisition higher than the current value of the market, their price made being estimated at $ 1,981.
This record operation is part of a revival of activity observed on the Ethereum network. Between April 20 and 22, The number of active addresses went from 306,211 to 336,366, an increase of 10 %. This increase, far from harmless, reflects a return of user interest in the network. She is expressed in particular by:
- An increased concentration of the supply in circulation in portfolios renowned for their strategic inertia;
- Maintaining the sales on these addresses despite the downward pressure on the Crypto market;
- A growing correlation between network activity peaks and price consolidation phases.
These indicators bear witness to a substantive dynamic carried by actors who bet on a medium or long term recovery potential, even in the absence of an immediate catalyst.
A stagnant deffi activity and technical resistances at stake
Despite this resumption of network activity, the uses linked to decentralized finance (DEFI) are struggling to follow. The volumes exchanged on the Dex are down, and the number of weekly transactions stagnates around 1.3 million, according to Defillama data.
This dissociation between the accumulation of ETH and the commitment to the DEFI informs about a persistent tension in the ecosystem. Investors seem to play the reserve card because they prefer to keep their assets rather than engaging them in protocols whose activity remains at half mast.
On the technical level, Ethereum faces notable resistances. A large barrier stands at $ 1,895.50, where 1.64 million ETH are detained, mainly by actors who invested in November 2024.
This concentration could generate significant sales pressure if the price came to approach it. In parallel, the price of the ETH currently oscillates around its exponential mobile average (EMA) over 50 days, an indicator often used as a trend reversal threshold.
The RektProof trader warns against a downward fractal pattern. He estimated April 24, 2025 on the X platform (ex Twitter) that “The market could fall under the $ 1,400 if this scenario is confirmed”.
These elements draw a complex configuration for the coming weeks. On the one hand, record accumulation suggests renewed confidence in the fundamental value of Ethereum. On the other hand, the weakness of the DEFI and the technical pressure feed a climate of uncertainty. The evolution of these signals will be essential to gauge the intentions of investors and anticipate the next phases of the Crypto market.
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