The price of Ethereum is trending upwards despite a decrease in the number of active addresses, indicating that the market remains balanced between a neutral and optimistic trend.
Ethereum has seen multiple attempts to break the peak, but the price remains at high levels, in addition, the accumulation of 'sharks,' staking activity, and active addresses are all increasing, reinforcing optimistic sentiment for the market.
MAIN CONTENT
Ethereum's price is close to its ATH despite profit-taking pressure from large investors selling off.
The volume of ETH staking and accumulation by 'sharks' is rising sharply, signaling expectations for long-term growth.
The flow of funds to exchanges shows signs of accelerating, but the increasing size of trade orders and active addresses indicates that the market remains optimistic.
What does Ethereum's price volatility near ATH signify?
Ethereum is nearing its historical ATH of $4,891, despite continuous profit-taking pressure causing a slight adjustment to $4,225.
Strong growth momentum has driven Ethereum to attempt to break its peak, but short-term selling pressure has caused the upward momentum to stall. However, the market still maintains a neutral to optimistic stance as strong selling has not appeared broadly.
As Ethereum approaches its old price peak, both large and small investor groups are optimizing their portfolios, creating notable volatility across the entire market.
Source: AMBCrypto Report, 2025
According to the latest analyses from AMBCrypto, the likelihood of the buying side regaining control of the market is quite high, thanks to overall growth fundamentals and strong cash flow dynamics.
How are whales withdrawing while sharks are accumulating ETH?
The whale group – investors holding a large amount of ETH – has significantly sold off recently, reducing their ownership proportion of the total supply, causing short-term selling pressure.
Alphractal data indicates that when whales reduce their Ethereum holdings, the 'sharks' group – investors holding between 10,000 and 100,000 ETH – ramp up accumulation. In the past five months starting from April, this group has accumulated up to 4.4 million ETH, showing confidence in the potential for price recovery.
History has shown that whenever whales sell off, the accumulation by sharks often drives new bullish waves, reinforcing expectations for medium and long-term investors.
Source: Alphractal, 2025
The transfer from whales to sharks helps reduce the risk of sudden sell-offs while maintaining liquidity depth for the ETH market.
How does the rise in staking activity impact the market?
The amount of ETH staking on the network is continuously increasing, with over 36 million ETH currently locked in staking, according to CryptoQuant.
The increase in staking value shows significant long-term confidence in Ethereum. From a deeper perspective, when more ETH is 'locked' in staking, the circulating supply of ETH in the market decreases, helping to limit unexpected selling pressure and create a favorable price environment for new increases.
The increasing amount of staked ETH is a direct sign bolstering optimistic sentiment in the market, while also reducing circulating supply, supporting strong price rallies.
Source: CryptoQuant, August 2025
This is considered a key factor helping Ethereum maintain its medium and long-term growth prospects, despite short-term fluctuations due to profit-taking sell-offs.
Is the increase in ETH reserves on exchanges a cause for concern?
The amount of ETH stored on exchanges has risen to 18.4 million, signaling a potential increase in selling pressure soon.
The flow of ETH to exchanges often predicts a surge in selling activity, as cryptocurrency becomes easily convertible to fiat or other assets quickly, especially when the market experiences strong volatility.
An increase in reserves on exchanges is often a key indicator to watch closely, as it directly relates to the potential for short-term price corrections if a wave of mass sell-offs occurs.
Source: CryptoQuant, 2025
However, the data on average trade order size (Spot Average Order Size) is still at a normal level, indicating no signs of sudden sell-offs or purchases in the current market.
How do trade order sizes and liquidity affect ETH trends?
Spot Average Order Size – the order size in the spot market for Ethereum – is maintaining stability, reflecting that no significant buying or selling activity has occurred.
Unlike chaotic market phases when Spot Order Size surges, this index currently shows that investor sentiment remains relatively stable, with no signs of panic or strong FOMO, ensuring a certain balance for the market.
Liquidity on exchanges remains high, helping to keep ETH's price resilient against extreme volatility, while also providing good opportunities for new investors entering or for upcoming growth cycles.
How does the increase in active addresses reinforce the bullish trend of ETH?
Data on active Ethereum addresses (including sending and receiving addresses) has been rising sharply recently, reflecting the growing activity and interest of the community in ETH.
Typically, the number of active addresses increases in tandem with Ethereum's bullish trends. This is a positive indicator when many new wallets participate in using or trading ETH, contributing to the ecosystem's expansion and attracting additional capital from outside the market.
The number of active addresses has continuously increased during major growth phases of Ethereum, indicating its intrinsic vitality and strong recovery potential.
Source: CryptoQuant, 2025
If this trend is maintained, ETH has a basis to continue leading the cryptocurrency market in the next bullish phases.
Frequently Asked Questions
Has Ethereum's price recently approached ATH?
Ethereum has approached its historical peak of $4,891 multiple times and is currently trading around $4,225, according to AMBCrypto.
How are large investors impacting the ETH market?
Whales are selling off heavily, but sharks have been continuously accumulating ETH for five consecutive months, totaling 4.4 million ETH.
Has the amount of staking ETH increased recently?
Yes, the total amount of staked ETH has reached 36 million ETH, reflecting long-term investor confidence in the Ethereum project.
Is the ETH reserve on exchanges noteworthy?
Exchange reserves have reached 18.4 million ETH, which is an indicator to monitor as it may lead to increased selling pressure if the market fluctuates.
What is the current size of ETH trade orders on exchanges?
The average order size is still at a 'normal' level; there have been no unexpected buying or selling activities in the market.
How does the number of active addresses affect the price of ETH?
The increasing number of active addresses is a signal reinforcing the future bullish trend of ETH.
Which direction is the current market sentiment for ETH leaning towards?
The overall trend leans towards optimism, thanks to strong staking activity, shark accumulation, increasing active addresses, and stable liquidity.
Source: https://tintucbitcoin.com/ca-voi-ban-ca-map-mua-ethereum/
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