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After several days in the green, ETH has slipped, raising questions about whether its strong uptrend is losing steam.<\/p>\n
According to crypto.news data on July 22, 2025, Ethereum (ETH) has dropped approximately 2.6% in the last 24 hours, trading near $3,692 after retreating from this week\u2019s high of $3,845. The slide, which came alongside a broader minor market pullback, briefly sent ETH down to an intraday low of $3,646 before recording a rebound to its current levels. This quick drop also triggered a wave of liquidations<\/a> across major exchanges, hitting short-term sentiment.<\/p>\n The pullback follows one of Ethereum\u2019s strongest streaks this year, with the token still up 24% over the past week and 53% over the past month. However, the sudden drop has sparked questions about whether the rally, which has fueled calls for a $5,000 price target, is losing momentum.<\/p>\n <\/p>\n On-chain data adds to this cautious outlook. A recent Sentora report<\/a> reveals that over 90% of ETH addresses are currently in profit, the highest level since December 2024. This raises the risk of profit-taking, particularly as prices consolidate near recent highs.<\/p>\n That said, the bigger picture remains encouraging. Market data suggests this dip is more of a breather than a full reversal. Daily active addresses are down 2.6% to around 526,300, but that\u2019s still 19% higher than last year, according<\/a> to YCharts. ERC\u201120 addresses have cooled 17.6% to about 474,500, signaling a short pause after weeks of heavy trading, but activity remains above 2024 levels.<\/p>\n