$ETH

Ethereum Accumulation Addresses Surge 60% in 5 Months! 🚀

Despite the recent crypto market downturn, Ethereum (ETH) has shown resilience, with a 5% price increase in the past two days. But here's the exciting part:

Ethereum Accumulation Addresses have boosted their holdings by 60% from August to December, now holding 16% of the total ETH supply (19.4 million ETH out of 120 million).

These long-term investment wallets, also known as HODL wallets, rarely sell their holdings and are considered a measure of confidence in ETH's future.

Analyst MAC_D attributes this massive accumulation rate to bullish expectations of favorable regulations on the DeFi industry under the incoming US administration.

What does this mean for Ethereum's future? 🤔

Continuous purchasing by these Accumulation Addresses provides high potential for long-term price gains.

Historically, Ethereum's price has never slipped below the realized price of these Accumulation Addresses.

Stay tuned for more updates on Ethereum and the crypto market! 🔍