Ethereum Whales Just Accumulated 640K ETH, Is a Bigger Rally Coming?
Summary
Ethereum's price recently rose above $1,800 but has since retraced to $1,754, reflecting a 3.3% decrease in 24 hours, while the total crypto market cap fell by 3.6%. Long-term Ethereum holders are increasingly active, with inflows reaching multi-year highs. Over 640,000 ETH flowed into accumulation-only wallets in the last 48 hours, marking the largest inflow since 2018. This behavior indicates growing investor conviction among long-term holders. Network activity is also rising, with active Ethereum addresses increasing by nearly 10% from April 20 to April 22, from approximately 306,000 to over 336,000. This surge in address activity suggests heightened user engagement and demand for applications on the Ethereum network.
