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Ethereum Accumulation Surges: Holders Lower Cost Basis Ahead of Potential Rally

  • Long-term ETH holders are actively accumulating more, lowering their average cost basis and indicating strong bullish sentiment.
  • On March 10, Ethereum accumulating addresses held 15.5356 million ETH, and by May 3, it surged to 19.0378 million ETH, a 22.54% increase in under two months.
  • Accumulating addresses show structural conviction and expectations of short-term appreciation, with growing ETH balance and net buying behavior.
  • This behavior suggests growing investor confidence and smart money positioning ahead of a potential rally, with over 19 million ETH held by strong hands leading to tight supply on exchanges.

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