Ethereum accumulation addresses surge past 19 million
Analysts predict the figure could exceed 20 million by year-end.
The amount of Ethereum held in accumulation addresses has surged past 19 million, according to the latest data from CryptoQuant. This figure has nearly doubled since January 2024, when it stood at 11.5 million. Analysts predict the number could surpass 20 million by the end of the year, as the approval of Ethereum Spot ETFs earlier this year has boosted confidence among both institutional and individual investors.
With this growing accumulation, the total value of these Ethereum holdings is projected to reach $80 billion by December 2024, with ETH priced at around $4,000. The increasing institutional interest in Ethereum is seen as a driving factor behind its mainstream adoption.
Currently, 71% of Ethereum holders are in profit, with over 74% having held their ETH for more than a year. Ethereum’s price recently reclaimed the $2,700 mark, marking a 10% rise over the past week.
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