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I’m buying $ZEC here for a short-term bounce play, targeting a move back toward the $280–$290 zone......
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$ETH
(ETH) saw a 1% decline on Friday as sellers dominated exchange activity in the past 24 hours. Despite the recent selling, increased inflows into accumulation addresses and declining net taker volume show a gradual return of bullish momentum.
Ethereum accumulation addresses — a metric tracking addresses that have never spent funds — have shown increased confidence in the past week, seeing inflows of over 1.11 million ETH between April 17 and 23. Nearly half of the inflows came following the price surge on Tuesday.
This marks the highest weekly inflow into accumulation addresses in 2025, signaling a return of bullish sentiment among long-term ETH investors.
Ethereum's net taker volume also paints a similar picture. Net taker volume shows the difference between futures contracts' buying and selling volume.
While shorts have dominated ETH futures in the past six months, the negative net taker volume has been reducing steadily since January despite ETH's price falling significantly during the period. This indicates sellers are gradually seeing exhaustion, putting the price drop to $1,473 on April 11 as a potential price bottom.
However, ETH exchange net flows reveal investors still show signs of fear despite the price surge and recovery seen across the general crypto market.
Ethereum saw one of its largest single-day exchange net inflows in 2025 on Thursday, as investors potentially triggered a net selling of over 178,900 ETH worth about $317 million. Exchange net flows indicate the difference between coins flowing in and out of crypto exchanges. Positive values indicate rising selling pressure, and vice versa for negative values.
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