#EthereumFuture Ethereum recorded a record influx in a single day with 449,000 #ETH into accumulation addresses

Ethereum's accumulation addresses saw record historical inflows when the price of ETH fell to $1,400, but weak DeFi activity and a long-term downtrend challenge the possibility of a bullish recovery.

Key Points:

Ethereum recorded a record 449,000 ETH in inflows to accumulation addresses on April 22.

Active addresses increased by 10%, indicating growing engagement with the network, but DeFi activity remains weak with declining DEX volumes.

Holders in accumulation addresses remain under pressure with a realized price of $1,981.

Over the last 10 days, inflows of Ethereum to accumulation addresses reached their highest levels since 2018. On April 22, a record 449,000

valued at an average price of $1,750, flowed into these addresses, marking the largest single-day inflow in Ethereum's history. This increase suggests that long-term holders remain optimistic about Ethereum's future, despite recent price declines.