$ETH
How close is the price of Ethereum to breaking the $6000 level?
Despite weak market sentiment, investor confidence in Ethereum's ability to accumulate is increasing. They now hold over 20 million Ethereum.
The trend of this accumulation is a sharp and sustained upward growth. This has come with the recent rise, clearly indicating strength in buying activity.
It seems these actions are driven by institutional investors and other long-term cryptocurrency holders. They recognize the underlying strength of the Ethereum network.
Ethereum shows signs of supply shortage, with an increasing concentration of tokens in accumulation wallets. This means that fewer tokens will flow into trading on a daily basis.