$ETH sees record single-day inflow with 449K ETH in accumulation addresses

Ethereum accumulation addresses saw record historic inflows as ETH price fell to $1,400, but weak DeFi activity and a long-term downtrend challenge the chance of a bullish recovery.

Over the past 10 days, $ETH inflows into accumulation addresses reached their highest levels since 2018. On April 22, a record-breaking 449,000 , $1,765, valued at an average price of $1,750, flowed into these addresses, marking the most significant single-day inflow in Ethereum’s history. This surge suggests that long-term holders remain optimistic about Ethereum’s future, despite recent price declines