$ETH Holders Accumulate 22.5% More as Addresses Lower Cost Basis, Signaling Bullish Conviction
Despite a months-long correction that has seen Ethereum slide from its cycle high of $4,107 on December 16, 2024, to recent lows, on-chain data shows that long-term ETH holders remain bullish.
The turning point came on March 10, 2025, when Ethereum’s price dipped to $1,866.70, forcing accumulating addresses (those consistently adding to their ETH holdings without significant selling) into unrealized loss territory.
These addresses, typically classified as long-term holders (LTHs) due to their average holding time exceeding 155 days, had a realized price of $2,026. Rather than panic-selling, these investors doubled down on their conviction.
As tracked by CryptoQuant’s metric, “ETH: Realized Price by Accumulating Addresses,” the cohort responded to this price downturn not by liquidating but by lowering their cost basis.