DeFi Daily News
Sunday, June 1, 2025
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home Cryptocurrency Ethereum

rewrite this title Ethereum Accumulation Addresses Hit $78B: What’s Next for ETH’s Price?

Samuel Edyme by Samuel Edyme
December 11, 2024
in Ethereum
0 0
0
rewrite this title Ethereum Accumulation Addresses Hit B: What’s Next for ETH’s Price?
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article


rewrite this content using a minimum of 1000 words and keep HTML tags

Este artículo también está disponible en español.

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, seems to be drawing attention as analysts observe market metrics that indicates the possible next move for ETH.

Recent data from CryptoQuant has highlighted patterns in accumulation and exchange-traded fund (ETF) inflows, providing a detailed look at Ethereum’s potential trajectory as it underperforms relative to Bitcoin in the current cycle.

Related Reading

Analyzing Trends in Accumulation and ETF Inflows

In a series of posts shared on social media platform X, CryptoQuant analysts dissected Ethereum’s key metrics. One of the standout observations was Ethereum’s balance in accumulation addresses. These addresses now hold approximately 19.5 million ETH, valued at around $78 billion.

Ethereum balance on accumulation addresses. | Source: TradingView

For comparison, Bitcoin accumulation addresses hold about 2.8 million BTC, worth $280 billion. While the dollar value of Bitcoin held is four times larger than Ethereum, this aligns with their relative market capitalizations, offering insights into investor behaviour.

Another critical metric spotlighted was the steady inflow into Ethereum-focused ETFs over the past months. Notable spikes were recorded on several key dates, including $1.1 billion on November 11 and $839 million on December 4, 2024.

According to the CryptoQuant analysts, these consistent inflows are a strong indicator of institutional buying interest, reinforcing Ethereum’s growing appeal among large-scale investors.

The Ethereum ETF has seen steady inflows in recent months.

Key spikes on:

Nov 11, 2024: $1,100MNov 21, 2024: $754MNov 25, 2024: $629MNov 27, 2024: $883MDec 4, 2024: $839M

These inflows reflect strong buying pressure. pic.twitter.com/OIwWNmRPYB

— CryptoQuant.com (@cryptoquant_com) December 10, 2024

Despite the strong ETF demand, Ethereum’s price movements have been less dramatic compared to Bitcoin’s performance in this cycle. Historically, Ethereum’s price peaks have trailed Bitcoin’s, as seen during the 2021 bull run.

At that time, Bitcoin hit an all-time high (ATH) in March with a 480% gain, while Ethereum peaked few months after with roughly 1,114% increase. However, in the current cycle, Ethereum appears to be underperforming, signaling a shift in market dynamics.

Taker Volume and Potential Growth

Furthermore, a significant area of concern the analysts mentioned is the Ethereum’s taker volume, which reflects market sentiment by comparing aggressive buying and selling activity.

Ethereum’s taker-seller volume.
Ethereum’s taker-seller volume. | Source: CryptoQuant

CryptoQuant reported that Ethereum’s taker-seller volume has hit a record low of -400 million. This aggressive selling activity is reminiscent of patterns observed before its ATH in 2021. While the current selling pressure may seem bearish, it could also signal a market nearing a critical pivot point.

Ethereum Taker Volume is at its lowest level on record.

Ethereum’s price weakness is due to high taker-seller volume, now at a record low of -400 million, indicating aggressive selling.

A similar pattern occurred before Ethereum’s peak in May 2021. Despite this, there may still… pic.twitter.com/OmRYvAzjxI

— CryptoQuant.com (@cryptoquant_com) December 10, 2024

The analysts emphasized that Ethereum’s underperformance in this cycle does not preclude the possibility of significant growth.

Related Reading

The interplay between accumulation patterns, ETF inflows, and taker volume suggests that Ethereum could still have room for upward momentum.

Ethereum (ETH) price chart on TradingView
ETH price is moving upwards on the 2-hour chart. Source: ETH/USDT on TradingView.com

Featured image created with DALL-E, Chart from TradingView

and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website [http://defi-daily.com] and label it “DeFi Daily News” for more trending news articles like this



Source link

Tags: 78BAccumulationAddressesEthereumETHshitPricerewritetitlewhats
ShareTweetShare
Previous Post

How Will the Marcos-Duterte Feud Impact the 2025 Philippines Election?

Next Post

rewrite this title Coincheck Parent Becomes First Japanese Crypto Exchange Operator to List on Nasdaq – Decrypt

Next Post
rewrite this title Coincheck Parent Becomes First Japanese Crypto Exchange Operator to List on Nasdaq – Decrypt

rewrite this title Coincheck Parent Becomes First Japanese Crypto Exchange Operator to List on Nasdaq - Decrypt

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
rewrite this title Haliey Welch Breaks Silence on Hawk Tuah Coin Collapse

rewrite this title Haliey Welch Breaks Silence on Hawk Tuah Coin Collapse

May 6, 2025
The Future of Blockchain: An Inside Look at Cardano

The Future of Blockchain: An Inside Look at Cardano

July 18, 2024
Boeing machinists refuse latest offer, prolonging bruising six-week strike

Boeing machinists refuse latest offer, prolonging bruising six-week strike

October 23, 2024
rewrite this title Kyren Lacy’s attorney rips NFL in statement addressing WR’s death

rewrite this title Kyren Lacy’s attorney rips NFL in statement addressing WR’s death

April 18, 2025
Moralis Web3: Enterprise-Grade Crypto PnL API for Tracking Wallet Profit & Loss

Moralis Web3: Enterprise-Grade Crypto PnL API for Tracking Wallet Profit & Loss

July 24, 2024
I Built The DREAM Office Setup!

I Built The DREAM Office Setup!

November 30, 2024
rewrite this title and make it good for SEORussia says several military aircraft caught fire after alleged large-scale Ukrainian drone attack: Report

rewrite this title and make it good for SEORussia says several military aircraft caught fire after alleged large-scale Ukrainian drone attack: Report

June 1, 2025
rewrite this title Convenience Store Shooting Leads to Discovery of Pregnant Woman Deceased for 2 Months: Police

rewrite this title Convenience Store Shooting Leads to Discovery of Pregnant Woman Deceased for 2 Months: Police

June 1, 2025
rewrite this title with good SEO M In Bitcoin Floods In For Silk Road Founder Ross Ulbricht As Support Grows

rewrite this title with good SEO $31M In Bitcoin Floods In For Silk Road Founder Ross Ulbricht As Support Grows

June 1, 2025
Dave’s Advice On How To Deal With Debt Collectors

Dave’s Advice On How To Deal With Debt Collectors

June 1, 2025
rewrite this title Discover’s 5% Bonus Categories for Q3 2025: Gas, Transit, Utilities – NerdWallet

rewrite this title Discover’s 5% Bonus Categories for Q3 2025: Gas, Transit, Utilities – NerdWallet

June 1, 2025
rewrite this title Indiana Pacers Aren’t Sexy, but They Might Be the Thunder’s Worst Nightmare | Deadspin.com

rewrite this title Indiana Pacers Aren’t Sexy, but They Might Be the Thunder’s Worst Nightmare | Deadspin.com

June 1, 2025
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.