Ethereum price After a rebound above $3,000 on Monday, certain key areas are seeing notable gains. Even though ETH lost pivotal price levels due to the widespread market decline, certain groups of investors are now starting to see growing demand for the major altcoin.
Large Ethereum wallets re-enter the market
Ethereum market It appears that we are transitioning back into an era of demand accumulation. ETH holder behavior is undergoing a decisive change, as observed among major investors or whales returning to accumulation mode.
After several weeks of relative caution, cryptocurrency and macro researcher Mlik Road explanation Large ETH holders have been steadily increasing their holdings over the past few days. This steady accumulation is being carried out by wallet addresses holding more than 1,000 ETH, indicating renewed confidence in the long-term prospects of altcoins.
Data from the Ethereum Retail and Large Investor Holdings indicators shows: whale holder Since December 26, more than 120,000 ETH worth approximately $350 million have been acquired. With the price of ETH facing volatility, these actions indicate that smart money investors are gearing up ahead of a big upward move, even if price action is still to be measured.
As a result massive accumulationWallet addresses containing more than 1,000 ETH control approximately 70% of the total supply currently in circulation. The chart shows that this stake held by the cohort has been growing steadily since late 2024, reflecting the unwavering resilience of investors despite several sideways moves.
If this behavior continues, Milk Road highlighted that the market may not fully price where the smart money expects ETH to head next.
Institutions are doubling down on ETH
ETH accumulation also increased significantly. institutional level Many large companies are doubling down on leading altcoins. Lookonchain, an on-chain platform, reported Trend Research, an investment company specializing in the secondary market, is still accumulating USDT to purchase more ETH.
After a period of steady acquisitions, Trend Research has now amassed over 601,074 ETH, worth a whopping $1.83 billion. This action demonstrates the company’s unwavering confidence in Ethereum and its expanding ecosystem.
Based on on-chain ETH withdrawal price. BinanceThe average purchase price for a stash on the world’s largest cryptocurrency exchange is $3,265 per coin. The company also borrowed a total of $958 million in stablecoins from the Aave blockchain to purchase ETH.
Bitmine Immersiona leading public company led by Tom Lee, has also resumed ETH accumulation. Look on chain highlighted The company purchased an additional 44,463 ETH worth $130 million last week. As a result, the company currently holds over 4,110,525 ETH, worth $12 billion.
Featured image from iStock, chart from Tradingview.com
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