Ethereum experienced unprecedented inflows of 449,000 ETH on April 22, 2025, into accumulation addresses, marking a substantial single-day record. This event raises questions about the market’s direction amidst existing price downtrends.
Despite the ETH price dropping to $1,400, active addresses increased by 10%, suggesting heightened participation. However, the average inflow value remained at $1,750, reflecting caution among traders in a weak DeFi environment.
Currently, the identified price resistance at $1,895.50 could pressure sellers trying to secure profits from accumulated ETH. Without significant upward momentum, Ethereum may continue its prevailing downtrend.
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