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Ethereum sees record single-day inflow with 449K ETH in accumulation addresses

The Cointelegraph β€‹

Cryptocoins News / The Cointelegraph β€‹ 98 Views

Ethereum accumulation addresses saw record historic inflows as ETH price fell to $1,400, but weak DeFi activity and a long-term downtrend challenge the chance of a bullish recovery.

Key Takeaways:

Ethereum saw a record 449,000 in ETH inflows to accumulation addresses on April 22.

Active addresses rose 10%, signaling growing network engagement, but DeFi activity remains weak with declining DEX volumes.

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