- Ethereum’s spot ETF Netflows were less positive, but the delay can be temporary
- The number of whale addresses suggested that there may not be an active distribution phase yet
Ethereum [ETH]At the time of writing, a sharp peak saw in active addresses on the network. Weekly active addresses also climbed to a new highest point of 17.4 million. This enormous amount of activity to the chain, despite the decrease in the activities of the cross-chain, meant an increase in retail and institutional interest in the largest altcoin.
Is as the past four days, Ethereum spot ETF -Netflows were generally positive for most of the past six weeks. This heavy inflow was powerless to prevent the ETH price slide from earlier in June from $ 2,667 to $ 2,414.
Source: Coinglass
Data from Coinglass even showed that the spot ETF intake has been delayed since 5 June. Although this was only a few days of acting, it could determine a trend if Monday and Tuesday turn out to be slow.
Some signs of hope from Ethereum Whale addresses
Source: Glass node
The number of whale address (holders with 1k to 10k ETH) was higher from November 2024 to April 2025 higher. It saw a strong increase from 31 March to 13 April, from 4,808 to 4,954. Since then, however, the number of whales has slowly decreased.
The Stasis in the past two months was worrying, but it also came alongside a relatively fast recovery for Ethereum. ETH decreased at a low $$ 1,537 on April 22, but came to reach $ 2,738 on 13 May.
The lack of whale recording during the rally was somewhat discouraging, but it can be worse. From April 2024 to June 2024 the number of whales fell by 20%, but the price remained until mid -May. This refers to distribution during the rally – something that has not yet taken place on the basis of the metric trends in recent weeks.
Source: Coinglass
In the short term, the data from the Coinglass whale orders revealed a potential access to ETH. The local highlights at $ 2.7k and $ 2.8k were littered with vineverkoop assignments, while the local lows of $ 2,460 and $ 2,370 buy orders.
That is why it seemed unclear what way Ethereum would then be trend. The strong bitcoin [BTC] Recovery during the weekend and on Monday suggested that the bullish sentiment could seep in the Altcoin market and help ETH Bulls.