Consolidating UTXO’s?

Consolidating UTXO’s?

Does ETH behave similar to BTC in the sense that you can consolidate many small UTXO’s by paying yourself to a new address? I tried to do this to my ETH on my Ledger hardware wallet, only to find that it does not generate new receiving addresses. Looking on a block explorer, my “TO” and “FROM” addresses are the same address. Is reusing the same receiving address typical for ETH, and if so, was there any benefit to paying myself or did nothing actually happen? Thanks for any help!

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Submitted by Subfolded
via reddit

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