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Crypto analyst and trader Ali Martinez, known on the X social media network as @ali_charts, has spotted that the Ethereum network has managed to reach the highest point in an important metric this year.
It happened despite the $ETH price having declined to the $3,500 level lately.
Ethereum active addresses hit yearly high
Martinez shared a Santiment chart, which shows a giant rise in $ETH daily active addresses in July. The surge has reached 841,100 addresses, which is the highest value this year, according to Ali.
This surge happened just before the $ETH price dropped from the $3,875 level to $3,540, where it is trading right now. The decline constituted almost 10%. Ethereum crashed following Bitcoin, which reacted to the Fed Chair Powell announcing that interest rates are so far to remain unchanged.
Ethereum $ETH daily active addresses surged to 841,100, the highest in a year, just before the recent drop below $3,500. pic.twitter.com/uHIVLcfBbH
— Ali (@ali_charts) August 2, 2025
Ethereum ETFs absorb 8,183 $ETH
Data shared by the X analytics account Lookonchain shows that on Aug. 1, 10 spot Ethereum ETFs scooped up a total of 8,183 $ETH worth $29.83 million. BlackRock’s ETHA scooped up the largest part, 4,841 $ETH valued at $17.65 million. Now, it holds 3,029,059 $ETH worth $11.04 billion; 224,833 $ETH is ETHA’s total inflows this week, according to Lookonchain.
Aug 1 Update:
— Lookonchain (@lookonchain) August 1, 2025
10 #Bitcoin ETFs
NetFlow: -949 $BTC(-$109.845M)🔴#ARK21Shares outflows 767 $BTC($88.73M) and currently holds 48,500 $BTC($5.61B).
9 #Ethereum ETFs
NetFlow: +8,183 $ETH(+$29.83M)🟢#iShares(Blackrock) inflows 4,841 $ETH($17.65M) and currently holds 3,029,059… pic.twitter.com/2738PzvEE5
Grayscale Ethereum Trust took in 1,989 $ETH ($6,988,765), Fidelity Ethereum Fund sucked in 1,498 $ETH ($5,263,534).