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

Odaily Planet News - A CryptoQuant analyst indicates that since ETH reached its cycle high of $4,107 on December 16, 2024, its price has experienced a continuous pullback. However, during this bear market phase, ETH accumulation addresses continue to increase their holdings. ETH accumulation addresses refer to those that consistently receive ETH without significant selling, maintaining stable or increasing balances over time, regardless of whether they belong to large or small holders. These addresses are typically long-term holders who have held Ethereum for over 155 days. On-chain data shows that on March 10, these accumulation addresses entered the unrealized loss zone when Ethereum dropped to $1,866.7, while their average entry price remained at $2,026. Despite being in an unrealized loss situation, ETH accumulation addresses continue to increase their ETH holdings: from 15.536 million ETH on March 10 to 19.038 million ETH on May 3, a growth of 22.54%. This demonstrates strong long-term confidence from ETH investors in Ethereum's assets, projects, and ecosystem. (CryptoQuant)