Can JASMY sustain its 27% weekly rally? – THESE indicators say…
- Ethereum active addresses hit 15.4M, up 62.7% in a week, highlighting strong ecosystem activity.
- ETF inflows rebound with $64.1M gain, suggesting a possible shift in institutional sentiment toward ETH.
Ethereum [ETH] just pulled a comeback worthy of a headline act — active addresses have surged to an all-time high of 15.4 million, up a staggering 62.7% in a single week.
Whether it’s the ETF buzz, Layer 2 discussions, or good old FOMO, something’s breathing serious life back into the king altcoin.
ETF flows snap back, but are they here to stay?
After nearly two months of outflows, Ethereum ETF products finally posted a turnaround, raking in $64.12 million in net inflows for the week ending the 28th of April.
This marks a sharp reversal from the Red Sea that stretched from late February through mid-April, where weekly losses regularly breached the $100 million mark.
Source: SoSoValue
The bounce coincides with an uptick in ETH’s price and total net assets, now hovering at $6.2 billion.
While the green bars are a welcome sight, the question remains — does this signal sustained institutional conviction, or is it just a short-lived reprieve in a still-fragile macro landscape?
Ethereum’s ecosystem in the spotlight
While price action often hogs the spotlight, Ethereum’s real flex lies in its ecosystem.
Source: X
The network just notched a record 15.4 million weekly active addresses — a 62.7% surge in only seven days. More than just noise, this signals broad-based participation across dApps, DeFi, and Layer 2s.
Speaking of which, Layer 2 dominance has quietly hit a new high at 6.65x, showing Ethereum’s scaling success.
Ethereum is steady, not sleepy
Ethereum was hovering just above $1,800 at press time, showing signs of stability after a volatile April. The RSI sat at 55, suggesting neutral momentum with slight bullish bias — neither overheated nor oversold.
Meanwhile, the MACD remained above the signal line and was trending upward, hinting at a slow-building bullish crossover.
Source: TradingView
The candles reflect low volatility, consolidating after a sharp recovery earlier this month. For now, ETH appears to be biding its time — caught between macro uncertainty and on-chain optimism.
A break above $1,850 could revive momentum, while support around $1,740 remains key if sentiment turns risk-off.
