Crypto Cryptoquant market analysis platform High Trends between ETHEREUM (ETH) holders in the past few weeks. These investors refuse to sell their ETH properties, even with a lack of a second price for the largest encrypted currency depending on the market value.
Ethereum holders bear the price
In Monday’s publication, Cryptoquant reported that some of the bearers believe strongly in Ethereum. Investors have proven their actions that they are optimistic about the project and its ecological system. Analyst Carmelo Omanan referred to the extent that ETH holders have a long -term decrease in prices from $ 4,107 in December 2024.
However, the market took another turn on March 10 when the ETH price fell to less than 2000 dollars, and the accumulated headlines moved to an unveiled loss area in return.
ETHEREUM titles, which are usually accumulated, are constantly receiving ETH without a large sale. Their balance often remains stable or may increase over time, regardless of whether they belong to large or young holders.
To date, the cost basis has decreased, with the accumulation of addresses that move the price of rights from 2026 dollars to $ 1980 as of May 3. This reflects a 2.32 % decrease since March 10. per CoinMarketcap data.
Ethereum bearers on their structural condemnation and clear expectations of short -term appreciation, which are in line with the development of the broader ETHEREUM.
Market monitors yearn to know if these positive feelings of ETH holders will lead the currency price to new levels.
Motivates for potential ETHEREUM price growth
A number of events in the coming weeks can feed the rise in the price of ETH. Ethereum Pectra is scheduled to be officially launched on May 7.
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One of the promises associated with Pectra upgrading is that Staking will become better, in addition to a few expansion and ease of use in the deal. In this hypothesis, the currency price can record some height in favor of the accumulated addresses.
Also, Ethereum ETF flows improve, which is a possible shift in the feeling. If it continues, the price may also feel the effect of ripple.
