PiCK
"Ethereum Accumulation Addresses Continue to Increase... Potential for All-Time High"
YM Lee
Summary
- The dollar value of Ethereum accumulation addresses is lower compared to Bitcoin, but a continuous increase is observed.
- An analyst from CryptoQuant stated that Ethereum has the potential to reach an all-time high.
- The holding trends of Ethereum and Bitcoin accumulation addresses show a similar pattern.
The number of addresses accumulating Ethereum (ETH) continues to rise.
On the 11th (local time), Matoun, an analyst at the on-chain analysis platform CryptoQuant, stated, "The dollar value of Ethereum accumulation addresses is only 25% of that of Bitcoin accumulation addresses, but it continues to increase, showing a high possibility of reaching an all-time high like Bitcoin."
Currently, the Ethereum holdings of accumulation addresses are about 19.5 million ETH, and the Bitcoin holdings of accumulation addresses are 2.8 million BTC. Although there is a significant difference in USD value, the fundamental trend appears similar.
YM Lee
20min@bloomingbit.ioCrypto Chatterbox_ tlg@Bloomingbit_YMLEE
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