[Analysis: "ETH: Large Holders Increasing, but Price Recovery Unclear"] Cointelegraph analyzed that over the past five months, addresses holding between 1 million and 10,000 ETH have seen their holdings decrease, while those holding more than 10,000 ETH have increased. The number of addresses holding 100 to 1,000 ETH decreased from 9.79 million to 8.32 million, while the number of addresses holding more than 100,000 ETH increased from 2.75 million to 3.68 million. However, ETH is currently trading below the average price of most addresses, indicating that the entire market is in a loss zone. The media outlet stated, "With negative on-chain indicators, such as a surge in exchange inflows and a drop in the realized price, it is unclear whether the price will recover, and downward pressure is expected to continue for the time being." -Coinness