$ETH

Ethereum (ETH) saw a 1% decline on Friday as sellers dominated exchange activity in the past 24 hours. Despite the recent selling, increased inflows into accumulation addresses and declining net taker volume show a gradual return of bullish momentum.

Ethereum accumulation addresses dominate despite recent selling pressure

Ethereum accumulation addresses — a metric tracking addresses that have never spent funds — have shown increased confidence in the past week, seeing inflows of over 1.11 million ETH between April 17 and 23. Nearly half of the inflows came following the price surge on Tuesday.