<ul><li>Long-term holders of Ethereum are increasing their positions, with accumulating addresses growing by more than 22% in less than two months, indicating renewed investor confidence.</li><li>Despite recent price volatility and the cryptocurrency entering 'unrealized loss territory', investors are doubling down on their belief in Ethereum's potential for a price breakout.</li><li>Technical signals and community sentiment suggest a bullish outlook for Ethereum, with experts pointing to a falling wedge formation as a precursor to potential bullish breakouts in the near future.</li><li>Although Ethereum has shown a 10% surge in the last two weeks, its performance over the past year has been lackluster, with a price decline of more than 42% during that period.</li></ul>

ETH Accumulation Spikes as Holders Bet on Short-Term Price Gains: CQ

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