Ethereum Shows Signs of Bottom Amid Rising Activity
Key Takeaways
- Ethereum (ETH) is showing signs of a potential market bottom.
- Long-term holders are realizing losses – a typical signal of the late stage of a bear market.
- On-chain data indicates rising user activity and accumulation.
- Whales and early investors are selling ETH – often a precursor to a market reversal.
ETH Price in a Downtrend – But With a Counter-Move
Since November 2024, the Ethereum price has been in a clear downtrend. The structure is characterized by lower highs and lower lows. Most recently, however, the price rebounded from the support level at USD 1,460 and was trading at around USD 1,591 on April 11, 2025 – a daily gain of 7.32%.
A potential turning point lies at USD 1,815. If the price breaks through this level, the chart pattern could shift in favour of the bulls. Until this breakout occurs, downward pressure remains.
On-Chain Data Shows Growing Interest Despite Price Decline
In parallel with price movements, activity on the Ethereum network is increasing. On April 9, 573,000 active addresses and 1.42 million transactions were recorded – a significant uptick. This development indicates that many users remain active despite falling prices and may be deliberately entering at lower levels.
Another key indicator: The MVRV Long/Short Difference is currently at -22.26%. This metric measures the ratio between the market value and the realized value of ETH held by short- and long-term holders. Such negative values have historically occurred in phases when the market was nearing a bottom.
Whales and Early Investors Selling – Warning Sign or Opportunity?
Over the past week, more than 530,000 ETH were moved between large wallets. These movements often indicate strategic purchases or reallocations. Particularly noteworthy: An early Ethereum investor, who had held their ETH since 2016, recently sold 10,702 ETH worth USD 16.86 million – at a price of approximately USD 1,576.
This investor had previously not sold even when prices exceeded USD 4,000. The fact that they are selling now could be seen as a sign of capitulation – or as a deliberate move to create uncertainty among retail investors. Such sales often occur shortly before a market recovery.
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Technical and Fundamental Signals Point to Accumulation Phase
Several indicators currently suggest a possible end to Ethereum’s downward movement:
- Long-term holders are realizing losses – a typical trait of the late stage of a bear market.
- The MVRV indicator is reaching lows historically associated with buying opportunities.
- Whales are showing increased activity – often a sign of accumulation.
- Network activity is rising despite weak price performance.
This combination suggests that Ethereum is currently in what’s known as an accumulation zone – a phase in which long-term investors are building positions.
Our Assessment
If you’re interested in Ethereum, now is a good time to monitor the situation closely. Current data points to a potential bottoming process. While the risk of short-term pullbacks remains, the fundamental and technical signals indicate a favourable entry phase.
Important: Make your decisions based on well-researched information and consider your personal risk profile. Ethereum is currently exhibiting many characteristics that have historically preceded significant price increases.
Sources
- TradingView
- Santiment
| Symbol | ETH |
| Coin type | Alt Coin |
| Transaction Speed | Medium |
| Pros |
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| Cons |
|
| Further practical applications | |
| Price | $1,650.11 |
| 24h % | 5.33 % |
| 7d % | -7.97 % |
| 30d % | -10.93 % |
| 60d % | -37.11 % |
| 1y % | -48.73 % |
| Market Cap | $199,134,412,226.00 |
| Official Links | Website | Source Code |
| Socials | Reddit | X |
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