When Ethereum Hits the Sky… And Then Takes a Dive! 🚀📉

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Listen up, folks, because this is a tale as twisted as my favorite spaghetti western. Crypto whiz kid Ali Martinez, the one and only @ali_charts on the X network, has just spotted something that’ll make your head spin faster than a plate on a stick. 🍝

Despite the ETH price taking a nosedive to the $3,500 mark, our hero Ethereum has somehow managed to reach the pinnacle of greatness in an important metric. Go figure!

Ethereum Active Addresses Hit a Yearly High, Who Knew?

Martinez whipped out his trusty Santiment chart (cue dramatic music), revealing a massive spike in ETH daily active addresses in July. We’re talking about a whopping 841,100 addresses, the highest number this year. Mind-blowing, isn’t it? 😲

But 🕒

Ethereum $ETH daily active addresses soared to 841,100, the highest in a year, right before the recent plunge below $3,500.

— Ali (@ali_charts) August 2, 2025

Ethereum ETFs: The Real Estate Tycoons of the Crypto World 🏦💼

According to the keen-eyed analysts at Lookonchain, on Aug. 1, 10 spot Ethereum ETFs went on a shopping spree, snapping up a total of 8,183 ETH, worth a cool $29.83 million. That’s more than a few lattes! ☕

BlackRock’s ETHA led the charge, grabbing 4,841 ETH, valued at $17.65 million. With this, they now hold 3,029,059 ETH, worth a staggering $11.04 billion. Not too shabby for a day’s work! 💰

Aug 1 Update:

10 #Bitcoin ETFs
NetFlow: -949 $BTC(-$109.845M)🔴#ARK21Shares outflows 767 $BTC($88.73M) and currently holds 48,500 $BTC($5.61B).

9 #Ethereum ETFs
NetFlow: +8,183 $ETH(+$29.83M)🟢#iShares(Blackrock) inflows 4,841 $ETH($17.65M) and currently holds 3,029,059…

— Lookonchain (@lookonchain) August 1, 2025

Not to be outdone, Grayscale Ethereum Trust took in 1,989 ETH ($6,988,765), and Fidelity Ethereum Fund gobbled up 1,498 ETH ($5,263,534). It’s like a buffet for crypto enthusiasts! 🍽️

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2025-08-02 23:26