Ethereum Investors Accumulate $140.6M as Network Activity Surges

Ethereum (ETH) saw a decline after US President Trump announced new tariffs, yet investors continued accumulating. Key points include:

  • A net outflow of 43,990 ETH, valued at approximately $140.6 million, was recorded from centralized exchanges, indicating strong long-term investor confidence.
  • The weekly accumulation reached 239,200 ETH, worth $766 million.
  • ETH's price dropped from a local high of nearly $3,400 to $3,200 due to market-wide selloff.

Ethereum’s Fundamental Growth

  • Ethereal must hold above $3,085 for potential bullish breakout, according to analyst Ali Martinez.
  • The network's daily active addresses have doubled to over 800,000 in the past two weeks.
  • Monthly on-chain activity increased from 4 million to 8 million active addresses within 30 days.
  • Average weekly transactions reached 2.5 million, an all-time high.
  • Transaction fees dropped to $0.15, enabling more frequent use for small payments and stablecoin transactions.