In just four days, Ethereum’s large holder netflows surged from -109,160 ETH to 174,000 ETH, suggesting potential price recovery. Institutions are also buying, with weekly Spot Ethereum ETF inflows hitting a 2025 peak of 420 million USD.

A key demand zone for Ethereum exists between 2,383 USD and 2,459 USD, where 2.21 million addresses purchased ETH. However, despite increased accumulation, Ethereum’s network activity and gas fees indicate a drop in usage.