CryptoQuant: ETH accumulation addresses continue to increase holdings despite unrealized losses, with holdings increasing by more than 22% in two months

CoinRank News: According to the following content, CryptoQuant analysts said that since Ethereum reached a cycle high of $4,107 on December 16, 2024, its price has experienced a continuous correction. But in this bear market phase, ETH accumulation addresses are still increasing their positions. ETH accumulation addresses refer to those addresses that continue to receive ETH without selling a large amount, and whose balances remain stable or increase over time, whether they belong to large or small holders. These addresses are usually long-term holders who hold Ethereum for more than 155 days. On-chain data shows that these accumulation addresses entered the unrealized loss area on March 10, when Ethereum fell to $1,866.7, while their average holding price remained at $2,026. Despite this, ETH accumulation addresses are still increasing their ETH holdings in the case of unrealized losses: 15.5356 million ETH were held on March 10, and by May 3, it had increased to 19.0378 million ETH, an increase of 22.54%. This shows that ETH investors have shown strong confidence in Ethereum assets, projects, and ecosystems in the long term. (CryptoQuant)