Ethereum price slipped slightly to $1,760 on Friday, but beneath the surface, bullish forces are gathering. An ETH price surge earlier in the week triggered long-term accumulation, with over 1.11 million ETH added to wallets that have never sold. While Ethereum exchanges recorded net inflows of 178,900 ETH, suggesting profit-taking, key on-chain signals like net taker volume and address activity hint at growing ETH bullish momentum. The battle between profit-booking bears and long-term holders continues. Will ETH price push beyond $1,800 resistance or retreat into its recent downtrend channel?
Ethereum Accumulation Hits 2025 High: 1.11M ETH Grabbed in a Week
Ethereum accumulation addresses, wallets that have never spent ETH, absorbed a record-breaking 1.11 million ETH in just one week, marking the strongest accumulation event of 2025. This aggressive buying came as the Ethereum price hovered below $1,800, suggesting deep-pocketed investors see upside potential. Nearly half of these purchases occurred after Tuesday’s ETH price surge, reinforcing the bullish momentum narrative. This aligns with a steady decline in net taker volume, indicating reduced dominance from short traders. Historically, such spikes in accumulation tend to precede larger rallies, especially when supported by long-term conviction and macro sentiment shifts in ETH price.
Chart 1 – ETH: Inflows into accumulation addresses, published on CryptoQuant, April 25, 2025.Despite the promising on-chain signals, Ethereum still faces resistance. Investor caution was signaled by net inflows of 178,900 ETH on April 24, which was the largest day inflow in 2025. This significant shift indicates that following the recent ETH price surge, some traders decided to lock in gains or quit. Concerns regarding the sustainability of Ethereum’s bullish momentum are raised by net inflows, which often signify greater selling pressure.
Chart 2 – ETH: NetTakerVolume – Chart, published on CryptoQuant, April 25, 2025.
Interestingly, while short positions have weakened, ETH’s price remains under pressure from the 50-day SMA at $1,800. Ethereum has to find strength above $1,688 in order to sustain bullish momentum, as the Stochastic Oscillator is pulling back from overbought and the Awesome Oscillator is still producing red bars. A breakout toward $2,000 and possibly $2,200 may be imminent if the ETH price maintains this level.$$$$ETH
