Ethereum sees 62.7% jump in active addresses – Is $2,000 in sight?

After practically two months of outflows, Ethereum ETF merchandise lastly posted a turnaround, raking in $64.12 million in internet inflows for the week ending the twenty eighth of April.

This marks a pointy reversal from the Crimson Sea that stretched from late February by mid-April, the place weekly losses recurrently breached the $100 million mark.

Supply: SoSoValue

The bounce coincides with an uptick in ETH’s worth and complete internet belongings, now hovering at $6.2 billion.

Whereas the inexperienced bars are a welcome sight, the query stays — does this sign sustained institutional conviction, or is it only a short-lived reprieve in a still-fragile macro panorama?