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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.