Crypto news

Ethereum Whales Just Accumulated 640K ETH, Is a Bigger Rally Coming?

BBG News

Ethereum’s price has been doing that thing it does best: rising, falling, then rising again – all while giving us heart palpitations. It recently climbed to a lovely $1,800 before taking a little dip (because why not?), now sitting comfortably at $1,754, down a modest 3.3% in the last 24 hours. The whole crypto market seems to be playing the same game with a slight 3.6% slip. Ah, the thrill of volatility. 🤪

But if you think it’s all about short-term drama, you might be missing the bigger picture. On-chain metrics (aka those behind-the-scenes signals that crypto experts obsess over) are flashing something that could mean something, or absolutely nothing. Who knows? 😉

Ethereum Long-Term Holders Accumulate as Inflows Hit Multi-Year Highs

Brace yourselves, Ethereum fans. Long-term holders (the ones who treat their ETH like a sacred treasure and never, ever, sell) are ramping up their activity. According to CryptoQuant, these holders have recently seen one of their highest inflows in recent years. It’s like they’re saying, “Oh, market dip? No problem, I’ll just buy some more.”

This coincides with a spike in network activity—addresses are more active than your friend who won’t stop texting you during a Netflix binge. There’s also been a noticeable uptick in transactional volume. So while everyone’s looking at price fluctuations, there’s this secret little club of holders quietly accumulating and getting excited. Shh… don’t tell anyone. 😏

Here’s the juicy part: Over the past 48 hours, more than 640,000 ETH has flowed into these wallets that just *don’t* sell. This is the biggest influx since 2018, so it’s kind of a big deal, people. It’s almost like the Ethereum whales are playing 3D chess while the rest of us are stuck on checkers. 🐋

Now, this behavior is often a signal of confidence from those in the know. You know, the kind of folks who don’t get rattled by a few price dips and see the bigger picture. So, why are they accumulating now? Could it be a strategic move in preparation for something BIG? Or are they just bored and playing a long-term game? We’ll find out soon enough. 🧐

And let’s not forget, Ethereum is going through some major transitions, like moving to proof-of-stake, Layer 2 adoption, and some staking mechanisms that sound complicated and mysterious. If this accumulation continues, we might just see a nice little support zone around these price levels. Fingers crossed! 🤞

Network Activity Rises as Active Addresses See Double-Digit Growth

And just when you think things couldn’t get more interesting, let’s talk about network activity. Because apparently, Ethereum is not just a storage place for crypto hoarders. It’s getting some love from active users too. Between April 20 and April 22, the number of active Ethereum addresses jumped almost 10%. I mean, who knew there were so many people playing around with crypto? 😲

This rise in active addresses is important because it shows there’s more going on than just price speculation. People are actually using Ethereum. Shocking, I know. But the number of addresses isn’t everything—analysts like Carmelo Alemán say you’ve got to consider things like exchange volume, gas fees, and Layer 2 activity. So, if you’re trying to read the tea leaves, make sure you’re looking at the whole cup. 🍵

When you see an uptick in address activity paired with a price jump, it often means there’s more demand for Ethereum beyond just the people who want to buy low and sell high. It could mean more people are using it for actual stuff. Imagine that! 🎉

Read More

2025-04-25 10:35

Previous post When GPUs Give Crypto the Cold Shoulder: Nvidia’s Latest Drama Unveiled
Next post Pregnant Made In Chelsea Star’s Hospital Drama: Health Scare Before Baby #2!