ETH Price Surge Leads to 1.11M ETH Accumulation – Will It Break $1,800?

Ethereum’s price dipped slightly to $1,760, yet 1.11 million ETH were accumulated as bullish sentiment rises. Even with significant net inflows indicating profit-taking, key indicators suggest growing bullish momentum. The battle now focuses on whether ETH can overcome the $1,800 resistance or fall back, as recent patterns show mixed signals about its future direction.

The price of Ethereum (ETH) saw a minor decline to $1,760 on Friday, but the underlying bullish sentiment is gaining traction. This week’s surge in ETH prices led to significant long-term accumulation, with over 1.11 million ETH added to wallets that never previously sold their holdings. In contrast, the exchanges faced net inflows of 178,900 ETH, indicating that some traders might be cashing in. However, metrics like net taker volume and address activity are pointing towards a growing bullish moment. The crucial question remains: will ETH break through the $1,800 resistance or fall back into its recent downward channel?

In what is being termed an extraordinary week for ETH, wallets that have never spent their Ethereum absorbed 1.11 million ETH, marking the highest accumulation rate seen in 2025. This surge in buying activity coincided with ETH trading below the $1,800 mark, suggesting that affluent investors are seeing potential for higher prices. A significant portion of these purchases happened right after Tuesday’s price increase, reinforcing the bullish outlook. Additionally, a drop in net taker volume suggests that short traders are losing grip, which is often a precursor to more significant price rallies when long-term holders are involved.

Although there are promising signals from on-chain activities, Ethereum still battles a strong resistance barrier. The influx of 178,900 ETH recorded on April 24 was the most substantial single-day inflow of 2025, which might show that traders are securing profits post the ETH price surge. This influx raises concerns about the continuation of bullish momentum; typically, large inflows hint at increasing selling pressure. Interestingly, even though short positions have diminished, Ethereum’s price remains under pressure from its 50-day simple moving average (SMA) near $1,800. To maintain upward momentum, the price must hold above $1,688 as some indicators like the Stochastic Oscillator are pulling back, indicating caution.

Currently, Ethereum is navigating a pivotal moment. The confluence of the 50-day SMA and the near $1,800 resistance is like a double-edged sword, curbing its recent gains. Should buyers manage to keep the momentum alive, a breakout could stimulate further institutional interest and possibly drive prices towards $2,100 or $2,200. However, if it fails to maintain support above $1,688, ETH might face a more profound correction that tests lower trendline supports. Even as some indicators, like the RSI, remain above neutral, the big question is whether ETH can successfully breach the $1,800 resistance.

Looking ahead, for ETH to sustain the bullish vibe, it’s critical to decisively overcome the $1,800 resistance while keeping above the $1,688 level. Continued accumulation and a resumption of exchange outflows could propel ETH prices closer to the $2,000 mark. Yet, persistent inflows and mixed signals suggest a cautious path forward. The current surge has sparked enthusiasm among bulls, but technical rejections and broader market pressures could impose limitations. Traders should keep a close eye on exchange activities, RSI movements, and volume to gauge potential breakout or breakdown scenarios. So, will Ethereum bulldoze through its barriers or will the current market sentiment slow the momentum?