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Ethereum Holders On The Rise: Accumulation Addresses Double Since January 2024—Report

  • The number of Ethereum accumulation addresses has doubled since January 2024, with 19 million ETH now held in long-term addresses.
  • This surge indicates growing faith in Ethereum's future and is fueled by factors such as the approval of spot Ethereum exchange-traded funds (ETFs) by the US SEC.
  • Ethereum staking has also contributed to the decrease in available tokens for trading, leading to potential price growth and reduced volatility.
  • The current price of ETH is above $2,700, and the long-term outlook for Ethereum appears promising.

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