ethereum price After rising just above the $3,000 mark on Monday, it has experienced notable gains in certain key areas. Despite ETH losing crucial price levels due to the broader market decline, certain investor groups are beginning to show increased demand for the leading altcoin.
Large Ethereum wallet re-enters the market
ethereum market It seems that we are once again moving into an era of demand and accumulation. The behavior of ETH holders is undergoing a decisive shift, as observed among major investors and whales who have returned to accumulation mode.
After weeks of relative caution, crypto and macro researcher Mulik Lord said: outlined We have seen that large ETH holders have been steadily increasing their holdings over the past few days. This steady accumulation has been carried out by over 1,000 ETH wallet addresses, demonstrating renewed confidence in the altcoin’s long-term prospects.
Ethereum Retail and Large Investor Holdings Index data shows: whale owner has acquired over 120,000 ETH worth approximately $350 million since December 26th. With the price of ETH facing volatility, this action shows that prudent money investors may be preparing for a significant rally, even if price movements are still being measured.
the result, large accumulationcurrently more than 1,000 ETH-containing wallet addresses control approximately 70% of the total supply in circulation. Looking at the chart, we can see that the shares held by this cohort have been steadily increasing since late 2024, reflecting investors’ unwavering resilience despite multiple sideways movements.
If this trend continues, Milkroad stressed that the market may not have fully factored in where smart money predicts ETH will go next.
Financial institutions are doubling down on their use of ETH
ETH accumulation is also experiencing a significant increase organizational level Because many large companies are doubling down on major altcoins. Lookonchain is an on-chain platform. reported Trend Research, an investment firm specializing in the secondary market, says it is still accumulating USDT to buy more ETH.
After a period of steady acquisitions, Trend Research has now accumulated over 601,074 ETH worth $1.83 billion. This action demonstrates the company’s firm belief in Ethereum and its expanding ecosystem.
Based on the on-chain ETH withdrawal price, Binancethe world’s largest cryptocurrency exchange, has an average purchase price of $3,265 per coin for its hidden assets. The company is also borrowing a total of $958 million in stablecoins from the Aave blockchain to purchase ETH.
bitmine immersionMajor listed companies led by Tom Lee have also resumed accumulating ETH. look on chain highlighted The company reportedly purchased an additional 44,463 ETH (worth $130 million) last week. As a result, the company currently boasts assets of over 4,110,525 ETH worth $12 billion.
Featured image from iStock, chart from Tradingview.com
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