Ethereum News Today: Ethereum Active Addresses Hit 2-Year High Amid Price Drop and Strong ETF Inflows

Ethereum’s daily active addresses surged to 841,100 in July 2025, reaching a yearly high despite a recent price decline to $3,540. The increase in on-chain activity indicates growing engagement with the Ethereum network, even as the price dropped nearly 10% following Federal Reserve Chair Jerome Powell’s announcement that interest rates would remain unchanged [1]. Analysts, including crypto expert Ali Martinez, have noted that the surge in active addresses suggests strong user participation and network resilience, particularly ahead of the price correction from $3,875 to $3,540 [1].

Simultaneously, Ethereum spot ETFs absorbed a total of 8,183 ETH on August 1, valued at $29.83 million, signaling robust institutional demand. BlackRock’s ETHA led the inflows with 4,841 ETH ($17.65 million), now holding over 3 million ETH worth $11.04 billion [1]. Additional contributions came from Grayscale Ethereum Trust (1,989 ETH) and Fidelity Ethereum Fund (1,498 ETH), further underscoring the appetite for Ethereum among institutional investors [1]. This accumulation suggests that institutions are positioning for Ethereum’s long-term potential, despite short-term volatility.

The divergence between Ethereum’s price and its usage metrics has sparked interest among analysts and investors. While the price continues to face downward pressure, with Ethereum breaking below the $3,548 support level and forming bearish candlestick patterns like the Three Black Crows, on-chain activity remains strong [1]. The RSI is currently at 28.97, indicating an oversold condition, but no bullish divergence has yet signaled a reversal. Market participants are closely monitoring key support levels at $3,428, $3,331, and $3,235 for potential short-term trading opportunities [1].

Meanwhile, the broader crypto market has seen increased inflows, with record $12.8 billion in crypto ETFs recorded in July 2025. Ethereum, in particular, has outperformed Bitcoin in the short term, driven by growing institutional and retail interest in stablecoin activity and ETF offerings [3]. On-chain data also shows Ethereum treasury entities holding over $10 billion worth of ETH, reflecting the growing institutional adoption of the asset [7].

Ethereum’s growing active address count and ETF inflows highlight the network’s underlying strength and its appeal to both retail and institutional investors. These trends suggest confidence in Ethereum’s long-term fundamentals, even as price remains under pressure. Analysts note that such accumulation phases often precede periods of price stabilization or renewed growth [1]. For investors, the combination of rising on-chain activity and institutional buying is a positive sign, indicating continued confidence in Ethereum’s ecosystem and its potential for future appreciation.

[1] https://cryptonews.com/news/ethereum-price-prediction-daily-active-addresses-at-2-year-peak-what-does-this-mean-for-eths-value/

[3] https://www.aol.com/why-ethereum-suddenly-beating-bitcoin-093002330.html

[7] https://www.mitrade.com/au/insights/news/live-news/article-3-1002658-20250801