Ethereum Price Rises Amid Increase In Addresses
Crypto analyst Ali Martinez has pointed up a significant rise in the number of Ethereum addresses holding 10,000 or more Ethereum coins in recent events within the Ethereum (ETH) ecosystem. Martinez pointed up that this suggests a change from distribution to accumulation. According to this observation, big Ethereum holders' sentiments have changed significantly.
The most recent increase in accumulation is timed to coincide with the recent Ethereum priceincrease, which has been supported by the acceptance of Ethereum spot ETF applications. The increase in Ethereum coins holdings among these big addresses suggests that institutional and large-scale investors are growing more and more upbeat about Ethereum's future.
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