$ETH This week, large holders of Ethereum replenished their crypto wallets with a record 449,000 ETH. This is the highest figure since 2018.

Moreover, it indicates the optimism of 'whales' regarding the future of the leading altcoin, even though many of them still remain at a loss after the asset's price drop.

The number of active addresses on the Ethereum blockchain increased by 10%, indicating a rise in trader engagement. However, activity in the DeFi sector remains low, and DEX volumes are decreasing.

Recently, there has also been significant activity from 'whales'. A long-term Ethereum holder recently transferred ETH worth $27.6 million after more than 900 days of inactivity. This move caused a brief drop in the price of the leading altcoin, but it didn't last long before the cryptocurrency stabilized.

At the time of writing, Ethereum was trading at $1800. This is nearly 60% lower than its all-time high of $100. Over the past week, the largest altcoin by market capitalization has increased by 12.3%, with a gain of about 1.4% in the last 24 hours.