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Ethereum Bullish Momentum Builds as Accumulation Addresses Absorb 1.11 Million ETH

Ethereum Bullish Momentum Builds as Accumulation Addresses Absorb 1.11 Million ETH

Ethereum News
Release Time:
2025-04-25 16:26:54
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[TRADE_PLUGIN]ETHUSDT,ETHUSDT[/TRADE_PLUGIN]

Ethereum’s accumulation addresses have aggressively purchased 1.11 million ETH over the past week, signaling growing confidence among long-term holders. The cryptocurrency currently trades at $1,760, facing resistance at the $1,800 level and the 50-day simple moving average. market dynamics show seller exhaustion as net taker volume declines steadily, while Thursday’s 178,900 ETH exchange inflows suggest potential short-term volatility. This accumulation trend underscores strong bullish sentiment, with key resistance levels likely to be tested in the coming weeks.

Ethereum Accumulation Addresses Absorb 1.11 Million ETH Amid Rising Bullish Momentum

Ethereum’s accumulation addresses have aggressively purchased 1.11 million ETH over the past week, signaling growing confidence among long-term holders. The cryptocurrency currently trades at $1,760, facing resistance at the $1,800 level and the 50-day simple moving average.

Market dynamics show seller exhaustion as net taker volume declines steadily, while Thursday’s 178,900 ETH exchange inflows suggest profit-taking after recent gains. Despite Friday’s 1% pullback, on-chain metrics point to strengthening bullish fundamentals beneath the surface volatility.

Ethereum Developers Propose 4x Gas Limit Increase for Fusaka Hard Fork

Ethereum core developers are testing a significant upgrade that could quadruple the network’s gas limit in the upcoming Fusaka hard fork. The proposal, outlined in EIP 9678 by Ethereum Foundation developer Sophia Gold, aims to raise the layer 1 gas limit to 150 million—a move discussed as a key feature during the latest All Core Devs Execution meeting.

Tim Beiko’s meeting summary confirms the community’s alignment on prioritizing this scalability enhancement. While unconventional, the approach follows precedent with earlier improvements like EIP-7840. The change would mark Ethereum’s most substantial gas limit adjustment since the network’s transition to proof-of-stake.

Ethereum Whales Accumulate 640K ETH Amid Market Correction

Ethereum’s price trajectory mirrors broader crypto market trends, briefly surpassing $1,800 before retracing to $1,754—a 3.3% daily decline. The total cryptocurrency market capitalization dipped 3.6% in tandem, reflecting shifting short-term momentum.

On-chain metrics reveal deeper structural shifts. Long-term ETH holders—wallets with no history of selling—are accumulating at rates unseen in years, according to CryptoQuant data. This accumulation phase coincides with Ethereum network fundamentals diverging from price action, suggesting latent bullish potential.

Nvidia Rejects Arbitrum’s AI Partnership Bid Amid Crypto Risk Concerns

Arbitrum’s ambitions to collaborate with Nvidia under the Ignition AI Accelerator program have been thwarted. The Ethereum Layer-2 network, still recovering from an 85% price decline, sought to position itself as Nvidia’s blockchain partner but was ultimately excluded due to the chipmaker’s risk-averse stance toward cryptocurrency projects.

Nvidia’s Inception program now explicitly bars crypto-related initiatives, a policy clearly stated on its application portal. This decision underscores the lingering institutional caution toward blockchain ventures despite growing mainstream adoption of digital assets.

The rejection deals a blow to Arbitrum’s reputation-building efforts, though Ethereum’s leading scaling solution continues to demonstrate technical viability. Market observers now watch for alternative AI-blockchain partnerships that could emerge in Nvidia’s wake.

Ethereum Shows Signs of Prolonged Consolidation Amid Whale Activity

Ethereum’s market behavior mirrors 2022’s consolidation phase as the asset trades below its realized price, leaving average holders in unrealized loss territory. Silent accumulators have recorded their most substantial inflows since 2018, signaling strategic positioning by deep-pocketed entities.

Whale capitulation NEAR the $1,400 level—marked by long-term holder balance reductions and realized losses—preceded a 25% rebound to $1,760. This recovery stems from opportunistic buying and diminished macro/sector FUD, raising questions about whether it represents a temporary reprieve or the foundation for sustained bullish momentum.

The network’s current cost-basis undercut continues to exert capitulation pressure, creating a critical inflection point for ETH’s structural trajectory.

UNHCR Partners with Lido Impact Staking for Crypto-Based Refugee Aid

Switzerland for UNHCR, the national partner of the UN Refugee Agency, has forged an innovative alliance with Lido Impact Staking (LIS) to harness decentralized finance for humanitarian funding. The initiative allows Ethereum stakers to donate a portion of their rewards to support displaced populations amid severe budget shortfalls.

With traditional funding sources dwindling, UNHCR’s pivot to crypto philanthropy marks a strategic embrace of Web3 solutions. The program leverages Lido’s liquid staking infrastructure, enabling ETH holders to contribute seamlessly while earning yield—a dual-purpose model that could redefine charitable giving in the digital asset era.

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