Ethereum $ETH saw a 1% drop on Friday as sellers dominated activity on exchanges over the past 24 hours. Despite the recent sell-off, the increase in inflows into accumulation addresses and the decline in net taker volume indicate a gradual return of bullish momentum.
Accumulation addresses of $ETH dominate despite recent selling pressure
Ethereum accumulation addresses —a metric that tracks addresses that have never spent funds— have shown increased confidence over the past week, with inflows of over 1.11 million ETH between April 17 and April 23. Almost half of the inflows occurred after Tuesday's price increase.
This marks the largest weekly inflow into accumulation addresses in 2025, signaling a return of bullish sentiment among long-term $ETH investors.
