Ethereum Is The Biggest Bet By Investors: ETH Accumulated in 24 Hours: 449,000
Ethereum delivers a powerful message in spite of the bleak market conditions: an all-time record of 449,000 ETH were transferred to accumulation addresses in a single day. Some long-term investors’ unwavering faith is demonstrated by this calculated action, which was seen during a price fall. Despite the consensus, this operation raises concerns about a potential cycle shift, and the entire cryptocurrency industry is still burdened by excessive volatility and economic uncertainty.
A Historic Inflow to Accumulation Addresses
One of the biggest shifts in Ethereum’s recent history occurred on April 22, 2025, when 449,000 ETH were moved to accumulation addresses. In fact, at an average price of $1,750, this inflow—the largest ever observed in a single day on this kind of address—took place.
Even in a latent loss zone, this enormous accumulation shows a long-term investing strategy. With an estimated realized price of $1,981, these holders exhibit an average acquisition cost that is higher than the current market value at this price point.
This record action is consistent with a recent surge in Ethereum network activity. The number of active addresses increased by 10%, from 306,211 to 336,366 between April 20 and 22. This increase, which is by no means insignificant, indicates that users are once again interested in the network. Notably, it is expressed by:
The preservation of balances on these addresses in the face of adverse pressure on the cryptocurrency market; a greater concentration of the circulating supply in wallets renowned for their strategic immobility;
an increasing relationship between periods of price consolidation and peaks in network activity.
Even in the lack of an immediate catalyst, these indicators show a fundamental dynamic driven by players who are placing bets on a medium- to long-term recovery potential.Ethereum Is The Biggest Bet By Investors
Stagnant DeFi Activity and Technical Resistances at Play
Although network traffic has recovered, decentralized finance (DeFi) usages are still lagging behind. According to DefiLlama data, weekly transactions on DEXs are stagnating at about 1.3 million, and trading volumes are decreasing.
The ecosystem’s ongoing tension is revealed by this separation between ETH accumulation and DeFi engagement. Instead of participating in protocols whose activity is still slow, investors appear to be playing the reserve card and choosing to hang onto their assets.
Ethereum encounters significant technical barrier levels. 1.64 million ETH are held at $1,895.50, a large barrier that is primarily held by investors who made their investments in November 2024.
If the price got close to this concentration, it might create a lot of selling pressure. The price of ETH is now fluctuating around its 50-day exponential moving average (EMA), which is frequently utilized as a barrier for trend reversals.
A bearish fractal pattern is warned about by trader Rektproof. On the X platform (previously Twitter), he projects that “the market could fall back below $1,400 if this scenario is confirmed” on April 24, 2025.
These components lay out a convoluted plan for the upcoming weeks. On the one hand, the accumulation of records points to a renewed belief in the intrinsic worth of Ethereum. Conversely, technological pressure and DeFi’s weakness contribute to an uneasy environment. To determine the intentions of investors and predict the upcoming stages of the cryptocurrency market, it will be essential to monitor the development of these signals.
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