Ethereum Hits Major 2025 Year Peak Despite Price Dropping to $3,500

Key Points

1. Ethereum daily active addresses surged to 841,100, the highest in a year, just before the price dropped from $3,875 to $3,540.

2. 10 spot Ethereum ETFs absorbed 8,183 ETH worth $29.83 million on Aug. 1, with BlackRock’s ETHA acquiring the largest portion (4,841 ETH).

3. Grayscale Ethereum Trust and Fidelity Ethereum Fund also absorbed significant amounts of ETH (1,989 ETH and 1,498 ETH, respectively).

4. The price decline followed Bitcoin's reaction to Fed Chair Powell's statements, constituting almost a 10% drop for Ethereum.