Long-term Ethereum (ETH) holders have shown strong conviction in 2023. According to data from Intotheblock, the holdings of this group continue to grow, with approximately 110 million ETH currently held by long-term holders. This trend indicates an optimistic outlook for the future development of Ethereum, and the confidence of long-term holders may inject more vitality into the market. On-chain blockchain data analysis suggests that the long-term holding strategy for ETH is becoming a focal point of interest for investors.