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Ethereum Network Awakens—Massive On-Chain Moves Signal What’s Coming

  • Long-term Ethereum holders have accumulated a significant amount of ETH, signaling potential market activity as they anticipate a rally.
  • Nearly 30 million ETH is held in accumulation addresses that have never spent any coins, reaching an all-time high for this group of holders.
  • On-chain data indicates a spike in Ethereum activity, with daily transactions surpassing 1,500,000, suggesting increased user engagement and trading interest.
  • Despite positive on-chain indicators, technical barriers such as key moving averages and cautious momentum tools may impede immediate bullish momentum for ETH.

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