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

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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 in large quantities, and whose balances remain stable or increase over time, regardless of 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 zone on March 10, when Ethereum fell to $1,866.7, while their average holding price remained at $2,026.
Nevertheless, in the case of unrealized losses, ETH accumulation addresses are still increasing their ETH holdings: on March 10, they held 15.5356 million ETH, which increased to 19.0378 million ETH on May 3, an increase of 22.54%.
This shows that in the long term, ETH investors have strong confidence in Ethereum assets, projects, and ecosystems. (CryptoQuant)