Ethereum hits record high with 449 ETH entering accumulation addresses

• Record inflow of 449 thousand ETH in accumulation
• Ethereum onchain activity grows by 10%
• Technical resistance at $1.895 challenges recovery

On April 22nd, the Ethereum network registered a historic milestone with the transfer of approximately 449 ETH to accumulation addresses, totaling approximately $785 million at an average price of $1.750 per unit. This movement represents the largest daily inflow of Ether into such addresses since 2018, indicating continued confidence in the cryptocurrency from long-term investors, even in the face of recent price fluctuations.

Despite the significant volume, the realized price of these addresses is currently at US$1.981, higher than the market price, which suggests that many of these investors are operating at a loss. Since 2018, the market price of Ethereum has consistently exceeded this level, which changes the perception of the recent behavior of these holders, who remain confident in a possible future appreciation.

At the same time, Ethereum's onchain activity has shown significant growth. Between April 20 and 22, the number of active addresses increased by 10%, from 306 to 336. This increase in network interaction occurs in conjunction with a slight recovery in prices, indicating greater participant engagement.

However, the decentralized finance (DeFi) sector is still showing signs of stagnation. Recent data from DefiLlama reveals that weekly transaction volumes on decentralized exchanges remain stable at around 1,3 million, with little change in the short term.