Ethereum is showing mixed signals. This week, more than 449,000 ETH moved to accumulation addresses in a single day, marking a record. The number of active addresses also increased, reflecting renewed interest from long-term holders.
However, the price still faces strong resistance in the $1,800 zone, and the 50-day moving average continues to act as a technical ceiling. If the bearish flag that has been forming is confirmed, a drop towards $1,100 cannot be ruled out.
At the market level, Ethereum's dominance dropped to 7.18%, suggesting that, despite the growth in accumulation, investors are still cautious. The #ETFs spot launched in the U.S. generated positive noise, but for now, institutional volume has not been enough to change the overall trend.
Meanwhile, developments in layer 2 and scalability solutions are ongoing, although with fragmentation challenges. Ethereum seems to be in a transition zone: strong accumulation on one side, but technical pressure and still weak fundamentals on the other. Ideal for observation, not for rushing.
