$ETH Ethereum (ETH) experienced a 1% decline on Friday as selling pressures dominated exchange activity over the past twenty-four hours. Despite the recent sell-offs, an increase in flows to accumulation addresses and a decrease in net trader volume indicate a gradual return of bullish momentum.

Ethereum accumulation addresses dominate the market despite recent selling pressures.

Accumulation addresses for Ethereum - a metric that tracks addresses that have never spent their funds - showed increased confidence last week, with inflows exceeding 1.11 million Ethereum between April 17 and April 23. Nearly half of the inflows came after the price rise on Tuesday.