Ethereum Today: Price at $1,760
Ethereum (ETH) faced a 1% decline on Friday as sellers dominated exchange activity over the past 24 hours. Despite recent selling pressure, increased inflows to accumulation addresses and a decline in net buying volume suggest a gradual return of bullish momentum.
- Ethereum accumulation addresses purchased over 1.11 million ETH in the past week.
- A consistent decline in ETH net buying volume indicates weakening selling pressure from short traders.
- On Thursday, Ethereum exchanges recorded a net inflow of 178,900 ETH as investors took profits from recent price gains.
- ETH continues to face resistance near the $1,800 level and the 50-day Simple Moving Average (SMA).
Accumulation Addresses Dominate Despite Recent Selling
Ethereum accumulation addresses—a metric tracking addresses that have never spent funds—show strengthened confidence, with inflows exceeding 1.11 million ETH between April 17 and 23. Nearly half of these inflows occurred after Tuesday's price surge.
This marks the highest weekly inflow to accumulation addresses in 2025, signaling a return of bullish sentiment among long-term ETH investors.
Ethereum's net buying volume paints a similar picture. Net buying volume reflects the difference between buy and sell volumes in futures contracts.
Although short traders have dominated ETH futures over the past six months, the negative net buying volume has steadily decreased since January, despite significant price declines during this period. This suggests gradual seller exhaustion, with the April 11 drop to $1,473 potentially marking a price bottom.
Exchange Net Inflows Reflect Lingering Fear
However, ETH exchange net inflows indicate that investors continue to show signs of fear, despite price surges and recovery across the broader cryptocurrency market.
On Thursday, Ethereum experienced one of its largest single-day exchange net inflows in 2025, with investors potentially triggering net sales of over 178,900 ETH (approximately $317 million). Exchange net inflow refers to the difference between coins flowing into and out of cryptocurrency exchanges. A positive value indicates rising selling pressure, while a negative value suggests the opposite.
As a result, ETH briefly fell below $1,750 in recent hours before slightly recovering. Selling activity during price rallies, especially after weeks of consolidation or downtrends, often stems from short-term traders or investors cutting losses as prices return to their cost basis.
In other news, Ethereum will celebrate the 10th anniversary of its genesis block on July 30. The Ethereum Foundation (EF) has announced plans to collaborate with community members to support and sponsor "a global series of meetups, on-chain artifacts, and live events to collectively welcome Ethereum’s next decade."
Ethereum Price Prediction: ETH Struggles to Break Above $1,800 and Key 50-Day SMA
According to data from Coinglass, Ethereum witnessed $40.22 million in futures liquidations over the past 24 hours. Total liquidations for long and short positions were $27.07 million and $13.16 million, respectively.
ETH faced rejection at the $1,800 level—a resistance point reinforced by the 50-day Simple Moving Average (SMA). If this top altcoin rebounds from the $1,688 support level, it could retest the psychological $1,800 barrier and potentially break above the upper boundary resistance of the descending channel.
Such a move could allow ETH to reclaim the critical $2,000 level and challenge the resistance zone between $2,100 and $2,200. However, failure to hold above $1,688 may lead ETH to seek support at the key descending trendline.
The Stochastic Oscillator (Stoch) has retreated after spending two days in the overbought territory. The Relative Strength Index (RSI) remains above the neutral level, while the Awesome Oscillator (AO) continues to show decreasing histogram bars below the neutral line. This indicates a mild dominance of bullish momentum.
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Frequently Asked Questions
What are Ethereum accumulation addresses?
Ethereum accumulation addresses are wallets that have only received ETH and never spent it. They are often used to gauge long-term investor sentiment, as consistent inflows suggest confidence in future price appreciation.
Why is the 50-day SMA important for Ethereum's price?
The 50-day Simple Moving Average is a widely followed technical indicator that helps identify medium-term trends. When the price trades above it, sentiment is often bullish; when below, bearish. It currently reinforces the $1,800 resistance level.
What does exchange net inflow indicate?
A net inflow means more coins are moving into exchanges than leaving, typically suggesting increased selling pressure as investors prepare to liquidate holdings. Conversely, net outflows often indicate accumulation and reduced immediate selling interest.
How might the 10th anniversary impact Ethereum?
While the anniversary itself may not directly affect price, the accompanying events, community engagement, and potential announcements could bolster sentiment and draw positive attention to the Ethereum ecosystem.
What key levels should traders watch?
Traders should monitor the $1,688 support and the $1,800 resistance. A break above $1,800 could open the path toward $2,000, while losing $1,688 might lead to a test of lower support levels.
What is the significance of declining net buying volume?
A decline in negative net buying volume suggests that selling pressure is weakening, even if bears still dominate. This can be an early sign of a trend reversal, especially if accompanied by rising accumulation.