Golden Finance reported that Ethereum's HODL Waves chart shows that Ethereum held for 1 to 3 years is clearly concentrated, indicating that a large amount of Ethereum acquired during the 2021-2022 period is still being held. The 1-2 year and 2-3 year ranges reflect these holdings, which account for a large part of the total supply. This holding pattern shows that investors are confident in the long-term value of Ethereum, and a considerable number of investors choose to keep their Ethereum holdings instead of selling them due to market fluctuations, while the proportion of Ethereum held for less than six months has declined. In addition, the proportion of Ethereum held for more than 7 years has increased, which represents the stability of long-term holders and shows their firm belief in the fundamental value and future growth potential of Ethereum.