Ethereum activity shifts: More addresses but less users – What’s going on?

• The Ethereum Foundation’s outflows persist, but the dominance of the buyer shows that the buyers absorb pressure.
• Retail and investor accumulation increase when whales reduce the exposure; $ 2,550 remains a key zone of resistance.

Since April Ethereum [ETH] The foundation has constantly reduced its shares, while 21 separate drains totaling over $ 52.82 million.

The latest transaction recorded 1,000 ETH, worth approximately $ 2.51 million, foundation purses for Foundation.

These permanent movements Suggest the deliberate trend of disposal, perhaps finance the development or caution of the signal.

Despite the consistent sale, however, the foundation still retains over 196,000 ETH, currently worth about $ 495 million.

This strategic reduction could reflect internal forecasts on future price volatility, which raises the question: The foundation is preparing for a wider market correction?

Buyers are unwilling, but will they hold the line?

Derivative data showed that CVD Spot TAKER (90 -day) continued to flash dominance to buy the dominance 6th July.

This metric monitors the cumulative volume difference between market purchases and sales and its current reading indicates aggressive behavior of submerging shopping.

Therefore, market participants seem to absorb sales pressure from the outflow of the foundation.

This power of the buyer suggests that ETH can maintain support over $ 2,500 despite the macro bear undertones.

Such beliefs usually come from institutional or highly justified traders who expect a short -term reflection.

Is the ETH user base growing or just moving into activity?

According to Intotheblock on July 6, new Ethereum addresses increased by 6.2%, indicating fresh on board.

However, active addresses dropped by 3.3%, while zero balance addresses dropped by 8.54%, signaling a reduction in low tide and potentially loose users.

This suggests that while speculative interest is increasing, long-term holder’s activity can narrow-division that complicates the Ethereum growth story.

Without the continued connection from the base, this increase in new addresses may not be converted to real demand.

Does the whales lose faith while the smaller holders enter?

The composition of Ethereum investors has shifted in particular over the last 30 days. Whale values ​​decreased by 0.58%, while investors and retail segments increased by 5.68%and 1.18%.

This redistribution may show that whales could perform or rework, while smaller participants increase their shares.

Such behavior may reflect the growing decentralization of ownership, but it may also indicate reduced institutional beliefs.

Smaller holders, of course, may lack the firepower to keep the price assembly in the absence of whales. Without deeper pockets supporting the offer, it could stop upside down quickly.

Can ETH break around a liquidation wall near $ 2,550?

The Binance ETH/USDT thermal map revealed clusters of heavy disposal between $ 2,480 and $ 2,550, indicating this zone as a pressure point.

If ETH definitely closes above $ 2,550, it could release short compression, erase bear positions and push the price higher. Repeated rejection, however, encouraged bears and potentially a late long trap for a long time.

This level essentially acts as resistance and trigger volatility. What another does here can set the tone for the rest of July.

Finally, ETH is facing the key moment when the outflows of the foundation, the retreat of whales and a number of user activities converge.

However, the persistent dominance of buyers and the growing interest of investors provide a counterweight for bear signals.

If ETH can clean the $ 2,550 zone, it can confirm the power despite the sale of the foundation. The next step is likely to depend on whether the buyers maintain their dynamics or fit into the increase in sales pressure.