Despite facing recent selling pressure, Ethereum is showing signs of a potential bullish reversal. On-chain data reveals key changes in investor behavior, from rising accumulation to declining sell-side momentum. This article explores the latest market trends and what they could mean for ETH’s price trajectory.
Ethereum Accumulation Addresses Show Strong Confidence
Ethereum accumulation addresses—those that only receive and have never spent ETH—have recorded significant activity over the past week. Between April 17 and 23, these addresses accumulated over 1.11 million ETH. Nearly half of these inflows occurred after a sharp price increase earlier in the week.
This marks the highest weekly inflow into accumulation addresses in 2025, signaling a strong resurgence of confidence among long-term Ethereum investors. Such consistent buying often indicates belief in the asset’s future potential, regardless of short-term price fluctuations.
Net Buying Volume Points to Weakening Sellers
Another key metric supporting a bullish outlook is Ethereum’s net buying volume. This metric tracks the difference between buy and sell volumes in futures contracts.
Although sellers have dominated ETH futures for the past six months, the negative net buying volume has been steadily decreasing since January—even as prices declined significantly. This trend suggests that sellers are gradually losing momentum, with many viewing the April 11 drop to $1,473 as a potential market bottom.
Exchange Inflows Reveal Trader Caution
Despite positive accumulation trends, short-term traders have shown signs of caution. On Thursday, Ethereum recorded one of its largest single-day exchange net inflows of the year, with investors depositing over 178,900 ETH (approximately $317 million) to exchanges.
Exchange net inflow measures the difference between coins moving into and out of trading platforms. A positive value indicates increased selling pressure, as holders move assets to exchanges likely for liquidation.
This surge in exchange inflows contributed to ETH briefly falling below $1,750 before recovering slightly. Selling during price rebounds often comes from short-term traders cutting losses or taking profits as prices return to their entry levels.
Ethereum Approaches a Major Milestone
Beyond market metrics, Ethereum is set to celebrate the 10th anniversary of its genesis block on July 30. The Ethereum Foundation has announced plans to collaborate with community members to support and sponsor "a global series of meetups, on-chain artifacts, and live broadcasts to collectively welcome Ethereum’s next decade."
Such events often draw positive attention to the network and may contribute to mid-term bullish sentiment.
Ethereum Price Prediction: Key Resistance at $1,800 and 50-Day SMA
Ethereum faced significant selling pressure near the $1,800 level, which aligns with the 50-day Simple Moving Average (SMA). This resistance zone has proven difficult to break, leading to a recent pullback.
According to derivatives data, ETH witnessed $40.22 million in futures liquidations over the past 24 hours. Long liquidations accounted for $27.07 million, while short liquidations totaled $13.16 million.
If Ethereum finds support near the $1,688 level, it could attempt another breakout above $1,800. A successful move may help ETH exit its current descending channel and retest the psychologically important $2,000 level. Beyond that, the next key resistance lies between $2,100 and $2,200.
However, failure to hold above $1,688 could see ETH test lower support near the descending trendline.
Technical indicators present a mixed but cautiously optimistic picture:
- The Stochastic Oscillator has retreated after spending two days in the overbought zone.
- The Relative Strength Index (RSI) remains above the neutral level.
- The Awesome Oscillator (AO) continues to show declining histogram bars below the midline.
This suggests mild bullish momentum with room for further upward movement.
For those looking to track these metrics in real-time, consider using 👉 real-time market analysis tools for deeper insight.
Frequently Asked Questions
What is an Ethereum accumulation address?
An accumulation address is a wallet that has only received Ethereum and never spent it. These are typically held by long-term investors who believe in the asset’s future value.
Why are exchange inflows important?
High exchange inflows often indicate increased selling pressure, as investors move tokens to exchanges to trade or liquidate. Conversely, outflows suggest investors are moving assets to cold storage for long-term holding.
What does net buying volume tell us?
Net buying volume reflects the balance between buying and selling activity in futures markets. A declining negative trend suggests sellers are losing influence, which can precede a price reversal.
What is the significance of the 50-day SMA?
The 50-day Simple Moving Average is a widely watched technical indicator. Prices above it often signal bullish trends, while resistance at this level can indicate ongoing selling pressure.
How might the 10-year anniversary affect Ethereum’s price?
While anniversaries alone don’t drive prices, they often bring positive media attention, community engagement, and renewed investor interest—all of which can support bullish momentum.
What are key levels to watch for ETH?
Major support lies near $1,688, with critical resistance at $1,800. A break above $2,000 could open the path toward $2,200.
This content is for informational purposes only and does not constitute investment advice. Readers should conduct their own research or consult a financial advisor before making investment decisions. Trading leveraged products such as CFDs carries significant risk and may not be suitable for all investors.