Ethereum Accumulation Address Holdings Surge By 60% In Five Months – Details
among Cryptocurrency market prices fall overall Ethereum (ETH) has seen a price correction of more than 19.5% over the past week, finding support at a local bottom at $3,100. Since then, the famous altcoin has shown only slight resilience, rising by more than 5% in the past two days. However, recent wallet activity data gives us good reason to be bullish on Ethereum’s long-term future.
Ethereum HODL addresses increase supply dominance to 16%
in the most recent Post quicklyCryptoQuant analyst MAC_D has shared some positive insights on the Ethereum market.
Crypto market experts reported that the balance of accumulated Ethereum addresses surged by 60% from August to December. During this period, these HODL wallets increased their ETH supply from 10% to 16%, or 19.4 million ETH out of 120 million ETH.
To explain, accumulation addresses are wallets that hold Ethereum but rarely move or sell their holdings. They are considered a measure of long-term investment and confidence.
According to MAC_D, the rapid increase in holdings of these Ethereum HODL wallets is a new development not seen in previous bull cycles. Analysts attribute the huge accumulation rate to investor optimism about the incoming Donald Trump administration in the United States.
These expectations include DeFi industry It represents a major part of the Ethereum ecosystem. Therefore, regardless of Ethereum’s current price action, these long-term holding wallets will likely continue to accumulate Ethereum in response to future price growth.
Furthermore, MAC_D highlights the importance of these accumulated addresses, as the price of Ethereum never dropped below its actual price. Therefore, continued buying by these wallets offers significant potential for long-term price appreciation.
What’s next for ETH?
Regarding Ethereum’s recent movements, MAC_D warned that macroeconomic factors may have a greater impact on ETH’s price in the short term, as shown by the recent price collapse triggered by a possible lower interest rate in 2025.
As of writing, the altcoin is trading at $3,352, down 3.07% in the past 24 hours. At the same time, ETH’s daily trading volume fell by 53.25% and was valued at $31.15 billion.
Following its recent price decline, Ethereum has also seen negative performance on the larger charts, losing 14.74% and 1.05% over the past 7 days and 30 days, respectively. On the positive side, the asset’s price remains well above the initial price point ($2,397) where the post-U.S. election price rally began ($2,397), indicating that long-term sentiment remains positive.
With a market capitalization of US$401 billion, Ethereum continues to rank as the second largest cryptocurrency and largest altcoin in the digital asset market.
