- Ethereum wallets with 10,000 to 100,000 ETH show a significant increase in assets, reflecting strong investor confidence.
- Large Ethereum transactions exceed $100,000, reaching an all-time high this year, indicating strong activity in the market.
Recent data indicates an increase in the number of Ethereum accumulation addresses, as investors show increased interest in acquiring and holding the cryptocurrency with the goal of reaching a price of $4,000.
These accumulation addresses are defined as wallets that have received or transferred Ethereum, demonstrating holding rather than spending.
CryptoQuant, a company specializing in blockchain data analysis, reports a notable increase in the number of Ethereum holders. Their statistics indicate that the total number of accumulation addresses now exceeds 3,700.
A closer examination by the firm shows that, as of May 26, portfolios with holdings ranging from 10 to 10,000 ETH hold a total of 246,700 ETH. In addition, portfolios holding between 10,000 and 100,000 ETH currently hold 373,700 ETH.
These figures mark a significant increase compared to May 1, when the group with 10 to 10,000 ETH held 22,500 ETH, and the group with 10,000 to 100,000 ETH held 29,900 ETH.
In addition, there has been a notable increase in large Ethereum transactions. IntoTheBlock data indicates that transaction values above $100,000 have reached their highest levels this year, suggesting that large investors are actively participating in the market .
This uptick in activity parallels the growing interest of traditional financial investors.
Ethereum trading volumes have also increased, indicating a strong market trend. Interest in Ethereum has been further boosted by the performance of spot Bitcoin ETFs, which triggered a significant investor buildup and pushed the Bitcoin price to an all-time high.
Similar expectations surround the potential approval of spot Ethereum ETFs, with significant accumulation seen in the week leading up to anticipated approvals, pushing the Ethereum price above $3,700.
At the time ofwriting, Ethereum is trading at $3,942
These developments are indicative of robust and optimistic market sentiment among Ethereum investors, suggesting a collective expectation of continued growth and appreciation in the stock.
