Krutika Adani
A significant amount of Ethereum is being held in accumulation addresses, with the total surpassing 19 million ETH.
In early 2024, the total amount of ETH in accumulation addresses was just 11.5 million. Analysts predict it could hit 20 million by year-end.
Ethereum’s growth has been supported by the SEC’s approval of spot ETFs, boosting mainstream and institutional adoption.
Data shows 71% of Ethereum holders are currently in profit, with a large portion holding their ETH for over a year.