According to Mars Finance news, CryptoQuant analysts indicate that since Ethereum reached its cycle peak of $4,107 on December 16, 2024, its price has experienced a continuous pullback. However, during this bear market phase, ETH accumulation addresses are still increasing their holdings. ETH accumulation addresses refer to those that continuously receive ETH without making significant sales, and their balances remain stable or increase over time, regardless of whether they belong to large holders or small holders. These addresses are typically long-term holders who have held Ethereum for more than 155 days. On-chain data shows that on March 10, these accumulation addresses entered the unrealized loss zone when Ethereum dropped to $1,866.7, while their average holding price remained at $2,026. Nevertheless, despite being in an unrealized loss, ETH accumulation addresses continue to increase their ETH holdings: from holding 15.5356 million ETH on March 10, it grew to 19.0378 million ETH by May 3, an increase of 22.54%. This shows that long-term ETH investors exhibit strong confidence in Ethereum's assets, projects, and ecosystem. (CryptoQuant)

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