Ethereum backed by institutions, bullish in the long term!
74% of ETH holders have held for over a year, which means that even with short-term fluctuations, ETH still possesses strong resilience!
It is worth noting that the supply of ETH on exchanges continues to decline, with exchange holdings decreasing from 30 million in 2022 to 19 million today, creating a tight supply-demand relationship. Historical data shows that when foreign exchange reserves decrease, the price of ETH almost always rebounds, and current market conditions are showing a similar pattern.
The continuous accumulation of large funds and institutional investors has driven the steady growth of ETH. Whales and institutions now control 54% of the ETH supply, and their holding actions not only influence the market but also provide strong support for ETH's future price.
