Ethereum’s price currently stands at $1,760, seeing accumulation addresses purchasing 1.11 million ETH recently. Bearish pressure at the $1,800 mark persists while bullish sentiments grow due to decreasing seller activity and net taker volume changes. The upcoming 10th anniversary of Ethereum may provide additional impetus, yet investor anxiety remains evident with significant recent sell-offs on exchanges.
Ethereum’s price currently sits at around $1,760, with accumulation addresses recently grabbing 1.11 million ETH in just a week. This uptick is seen as a hopeful sign for long-term investors, even as the market shows mixed signals. Notably, the bearish pressure remains, especially near the $1,800 mark which is compounded by the 50-day Simple Moving Average (SMA). Recent data suggests that sellers are growing weary, which could indicate a coming bullish shift.
In the past 24 hours, Ethereum experienced a slight decline of about 1%, as selling activity took the lead on exchanges. Despite this, the pattern of inflows into accumulation addresses suggests that investor confidence appears to be returning. Nearly half of the recent inflows were recorded after a price increase on Tuesday, marking the highest weekly accumulation figure in 2025 and offering some optimism for ETH holders moving forward.
The net taker volume for ETH has also been a point of interest. It tracks the balance of buying and selling futures contracts, and after a six-month period where shorts prevailed, that negative volume has been slowly tapering off. This tentative shift in behaviour indicates that sellers might be exhausted, particularly after the recent drop to $1,473 on April 11, which could signal a possible bottom for prices.
However, not everything is looking rosy. Despite Ethereum’s surge in the wider crypto market, investor anxiety is palpable. On Thursday alone, exchange net inflows recorded one of the largest single-day spikes in 2025, indicating profit booking and a potential market exit for over 178,900 ETH, roughly equating to $317 million. Such selling pressure often occurs when short-term traders move to cut losses as prices reset after a rally.
On a more celebratory note, Ethereum is gearing up to mark its 10th anniversary since its genesis block on July 30. The Ethereum Foundation has big plans, teaming up with the community for various events including global meetups and live streams to celebrate this milestone together.
Looking ahead, Ethereum still struggles to breach the $1,800 resistance fortified by the 50-day SMA, having faced a round of liquidations totalling around $40 million over the last day. If ETH manages to bounce above $1,688, there’s a chance it might make another attempt at the $1,800 level, potentially even eyeing a move back to $2,000. Conversely, a fall below $1,688 may prompt a search for support at a descending trendline.
Technical indicators show mixed signals as well. The Stochastic Oscillator has moved out of the overbought zone after a brief stay, while the RSI remains optimistic above neutral. Yet, the Awesome Oscillator indicates some waning bullish momentum, creating a scenario where traders should proceed with caution as the market evolves.
