Connect with us

Hi, what are you looking for?

Markets

Ethereum Sees Accumulation Surge Despite Recent Price Drop

Ethereum has experienced significant inflows since June 2025, indicating strong accumulation trends.

The cryptocurrency market is currently witnessing notable trends, particularly with Ethereum. Recent data from CryptoQuant reveals that inflows into Ethereum have surged since June 2025, underscoring a strong accumulation trend despite the asset”s current price struggles.

As Ethereum”s price falls below its realized value, many traders are observing the growing number of accumulation addresses. These addresses have been consistently adding ETH to their holdings, indicating a bullish sentiment among long-term investors who see the potential for future growth.

Technical analysts are also taking note of the formation of a multi-year bull pennant on the bi-monthly chart for Ethereum. This chart pattern is often interpreted as a bullish signal, suggesting that a price breakout could occur in the future. The confluence of increasing accumulation and positive chart patterns could be pivotal for Ethereum”s price trajectory.

In summary, while Ethereum may be facing short-term price challenges, the underlying accumulation trend highlighted by CryptoQuant suggests that many investors are positioning themselves for potential future gains. As the market continues to evolve, monitoring these trends will be crucial for understanding Ethereum”s long-term prospects.

You May Also Like

Markets

Bitcoin"s value against gold has reached a critical support level; will it bounce back?

Top Stories

BitRss provides real-time updates and curated content for the crypto community around the clock

Markets

AVAX is currently trading between $21.40 support and $23.50 resistance levels, with potential for short-term recovery.

Markets

Dogecoin"s open interest has fallen to its lowest in six months, signaling potential price volatility ahead.

Regulation

Finland will adopt the OECD"s Crypto-Asset Reporting Framework to enhance crypto transaction transparency by 2026.

Business

Ripple"s recent achievements spark discussions on an IPO, though the company denies any immediate plans.

Markets

Ethereum struggles to maintain a $3.2K floor amidst significant DeFi market outflows and low buying conviction.

Altcoins

LivLive offers a 200% bonus in its presale, making it a standout option for investors seeking affordable crypto.

Altcoins

Ripple, XRP, and the XRP Ledger are distinct entities crucial for cross-border payments.

Top Stories

A counterfeit Hyperliquid app has been identified, raising concerns over user scams.

Altcoins

XRP is poised to play a crucial role in a $30 trillion market for tokenized assets, reshaping finance.

Bitcoin

Bitcoin"s price has dropped below the critical $100,000 level, raising concerns among investors.

Copyright © 2024 COINNEWSBYTE.COM. All rights reserved. This website provides educational content, emphasizing that investing involves risks. Ensure you conduct thorough research before investing and be ready for any potential losses. For those over 18 and interested in gambling: Online gambling laws differ across countries; adhere to your local regulations. By using this site, you agree to our terms, including the presence of affiliate links that do not impact our evaluations. Cryptocurrency offers on this site are not in line with UK financial promotion regulations and are not aimed at UK consumers.