Ethereum Accumulation: ETH Inflow Surges to Highest Level Since 2018

Ethereum (ETH) Accumulation Addresses See Massive Inflow Data indicates a significant shift in Ethereum holdings. Over the past 10 days, the inflow of ETH to accumulation addresses – wallets that receive but don't send ETH – has reached its highest level since 2018. This suggests strong long-term conviction among ETH holders. Record-Breaking Daily Inflow On a single day, 449,000 ETH flowed into these accumulation addresses, setting a new record for the largest daily inflow in Ethereum's history. This influx signals confidence in Ethereum's future, despite recent market volatility. Positive On-Chain Signals Cointelegraph reports that this trend points to long-term holders remaining bullish on ETH. This positive sentiment is supported by an increasing number of active Ethereum addresses, hinting at growing network participation. However, DeFi metrics remain weak, indicating a divergence in sentiment across different sectors of the Ethereum ecosystem. The surge in ETH accumulation suggests a potential shift in market dynamics, with long-term holders solidifying their positions. ```