**”7 Siblings Make Waves with 17,855 ETH Purchase: What It Means for Ethereum’s Market”**
In a noteworthy move, an entity known as “7 Siblings” recently acquired 17,855.3 ETH, valued at $36.68 million, at an average price of $2,054 per ETH, utilizing stablecoins like DAI, USDC, and USDT. This transaction has sparked interest in Ethereum’s market dynamics, especially considering the entity now holds over 1.16 million ETH across two wallets, amounting to around $2.53 billion.
**Address Metrics Show Mixed Signals**
As of March 5, Ethereum’s network boasted a total of 847,590 addresses, which included 160,890 new addresses and 587,720 active ones. However, the past week saw a slight decline, with new addresses dropping by 2.09% and active addresses down by 2.13%. Interestingly, zero-balance addresses—often associated with abandoned wallets or profit-taking—rose by 11.29%. This uptick in zero-balance addresses could indicate a shift in investor sentiment. The current count of new addresses is reminiscent of early 2021, just before Ethereum’s price skyrocketed to $4,800.
**Price and Liquidity Trends**
Ethereum’s price has experienced fluctuations between $2,194 and $4,250 from 2023 to March 2025, recently bouncing back to $2,925. Funding volume, which tracks trading activity, reached a peak of 1.4 billion in mid-2024, dipped to 167.3 million in early 2023, and has now climbed back to 800 million. This surge in funding volume aligns closely with the “7 Siblings” purchase, hinting that institutional activity may be influencing short-term liquidity.
Large acquisitions at lower price points, like the $2,054 average paid by “7 Siblings,” often suggest strategic positioning. Historical data from ETHNews indicates that if buying pressure remains strong around $2,925, we could see ETH push toward $3,500, provided funding volume stays above 400 million. On the flip side, a drop below $2,054 might trigger renewed selling, potentially testing the $2,000 mark.
**Looking Ahead**
Analysts at ETHNews point out that institutional trades, such as the recent purchase by “7 Siblings,” can ignite interest among retail investors. However, the rise in zero-balance addresses and the decline in new addresses signal a need for caution, as these trends may reflect profit-taking or waning demand. Ultimately, Ethereum’s price trajectory will likely depend on whether institutional inflows can counterbalance these mixed metrics.
The post, “Ethereum Market Activity Reflects Institutional Moves and Address Trends,” highlights the ongoing developments in the Ethereum ecosystem and their implications for investors.