- 7 Siblings purchased 17,855 ETH ($36.68M) at $2,054; holds 1.16M ETH ($2.53B) across two wallets.
- New ETH addresses fell 2%, active addresses down 2%; zero-balance addresses rose 11% this week.
- ETH price rebounded to $2,925; funding volume hit 800M, aligning with institutional buying activity.
A recent purchase of 17,855.3 ETH, valued at $36.68 million, by an entity labeled “7 Siblings” has drawn attention to Ethereum’s market behavior. The transaction, executed at an average price of $2,054 per ETH using stablecoins DAI, USDC, and USDT, aligns with patterns observed during prior market shifts. Data indicates the entity holds over 1.16 million ETH across two wallets, totaling approximately $2.53 billion.
Address Metrics Signal Mixed Sentiment
As of March 5, Ethereum’s network reported 847,590 total addresses, including 160,890 new addresses and 587,720 active addresses. Over the past week, new addresses decreased by 2.09%, while active addresses fell by 2.13%. Zero-balance addresses, often linked to abandoned wallets or profit-taking, rose by 11.29%.
The current new address count mirrors levels seen in early 2021, a period preceding Ethereum’s price surge to $4,800.
Price and Liquidity Trends
ETH’s price fluctuated between $2,194 and $4,250 from 2023 to March 2025, with a recent rebound to $2,925. Funding volume, which tracks trading activity, peaked at 1.4 billion in mid-2024, dipped to 167.3 million in early 2023, and recently climbed to 800 million. This increase coincided with the “7 Siblings” purchase, suggesting institutional activity may influence short-term liquidity.
Large acquisitions at lower price levels, such as the $2,054 average paid by “7 Siblings,” often indicate strategic positioning. Historical data by ETHNews, shows that sustained buying pressure near $2,925 could push ETH toward $3,500, provided funding volume remains above 400 million. Conversely, a drop below $2,054 might signal renewed selling, potentially testing the $2,000 threshold.
ETHNews analysts note that institutional trade, like the recent purchase, can spur retail investor interest. However, elevated zero-balance addresses and declining new addresses suggest caution, as these trends may reflect profit-taking or reduced demand. Ethereum’s price trajectory will likely hinge on whether institutional inflows offset these metrics.
