Ethereum

Accumulate

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>Large Ethereum holders have increased their holdings by over 10% in the last year.</li> 
 <li>Over 52% of Ethereum is now held by these large holders.</li> 
</ul>  
<h2 id="large-ethereum-holders-increase-their-stakes">Large Ethereum Holders Increase Their Stakes</h2> 
<p>Data shows a significant rise in the number of large Ethereum holders, often referred to as whales. </p> 
<p>These whales now hold approximately 58.37 million <a href="https://coineagle.com/price/ethereum/">Ethereum (ETH)</a>, which is over 43% of the total Ethereum supply. </p> 
<p>This is a notable increase from the 30% they held last year, indicating that these large holders have increased their holdings by over 10% in the past year. </p> 
<h2 id="whales-accumulate-more-ethereum">Whales Accumulate More Ethereum</h2> 
<p>The accumulation of Ethereum by these whales accelerated after the Shanghai upgrade, which allowed Ethereum withdrawals for stakers. </p> 
<p>Whales now hold nearly 48% of the total Ethereum supply, approaching the amount held by retail investors. </p> 
<p>In addition to whales, more than 52% of Ethereum’s total supply is held by other large holders, including institutional addresses. </p> 
<h2 id="staking-and-accumulation-drive-ethereum-s-bullish-outlook">Staking and Accumulation Drive Ethereum’s Bullish Outlook</h2> 
<p>In early 2023, the accumulation of Ethereum by large holders increased significantly. </p> 
<p>This was in line with the Shanghai upgrade and as a result, the percentage of Ethereum held by retail investors declined. </p> 
<p>Analysis of exchange reserves shows that these reserves continued to decline during this period, suggesting that Ethereum sold by retail investors was bought by large holders. </p> 
<p>This activity has led to a decrease in the available supply on exchanges and tightened liquidity. </p> 
<p>Furthermore, the percentage of staked Ethereum has continued to rise, with more than 28% of the total Ethereum supply currently staked. </p> 
<p>This indicates that a significant portion of Ethereum sold by retail and other holders has been staked rather than traded on exchanges. </p> 
<h2 id="ethereum-s-market-outlook">Ethereum’s Market Outlook</h2> 
<p>Despite the increased accumulation and staking, Ethereum’s market trend remains bearish. </p> 
<p>At the time of writing, Ethereum is trading at around $2,340, following a 2.7% increase in the last trading session. </p> 
<p>However, despite this recent upward movement, more is needed to alter Ethereum’s overall trend. </p> 
<p>The ongoing bearish trend suggests that while there is short-term positive momentum, the broader market sentiment still leans toward caution. </p> 
<p>For a significant shift to occur, Ethereum would need to break through key resistance levels and sustain a stronger uptrend. </p>

Majority Ethereum Stake: Big Investors Now Hold 52% of ETH Supply

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CoinEagle.com

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