Ethereum Holds Strong Above $1,700 – Bullish Sign or Just a Pause?
Ethereum (ETH) is holding firm above the key support level of $1,700, signaling strong investor confidence despite overall market uncertainty.
Interestingly, the number of long-term ETH accumulation addresses has hit a new all-time high, showing that holders are continuing to stack ETH — even as some sit in losses. Active addresses on the network also rose recently, hinting at a potential uptick in usage.
However, Ethereum’s transaction fees have dropped to their lowest in 5 years, raising questions about user demand and network activity. On the technical side, ETH faces resistance near the $1,895 mark, aligning with the 50-day EMA — a level that could determine the next big move.
Meanwhile, institutional interest appears divided: while Bitcoin ETFs saw strong inflows, Ether-based ETFs experienced slight outflows.
Is Ethereum preparing for a breakout — or still in the accumulation phase?
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