Ethereum Long-Term Holders Accumulate 640,000 ETH Amid Market Correction

Ethereum's price recently rose above $1,800 before retracing. Currently, ETH trades at $1,754, reflecting a 3.3% decrease in 24 hours. The total crypto market cap decreased by 3.6% during the same time.

Ethereum Long-Term Holders Accumulate

Long-term Ethereum holders are increasing activity, with inflows hitting multi-year highs.
Over 640,000 ETH flowed into accumulation-only wallets in the last 48 hours.
This marks the largest inflow since 2018, indicating a long-term investment strategy.
Such accumulation behavior suggests increased investor conviction amidst price volatility.
Increased inflows coincide with advancements in Ethereum fundamentals such as proof-of-stake and Layer 2 adoption.

Network Activity Rises

Active Ethereum addresses grew nearly 10% from April 20 to April 22, rising from about 306,000 to over 336,000.
This metric reflects unique wallets involved in transactions, suggesting broader user engagement.
Rising address activity paired with price increases may indicate growing application-layer demand.