**Ethereum Accumulation Addresses Surpass 19 Million ETH, Expected to Exceed 20 Million by Year-End**

As of October 18, 2024, the total amount of Ethereum held in accumulation addresses has surpassed 19 million ETH, nearly doubling from 11.5 million in January 2024. This significant increase is largely attributed to the approval of Ethereum Spot ETFs in early 2024, which has bolstered market confidence and mainstream acceptance.

The regulatory green light has made Ethereum an attractive asset for both institutions and individual investors, positioning it as a cornerstone of future financial systems. With Ethereum currently priced around $4,000, the total value of these accumulation addresses is projected to exceed $80 billion by the end of the year, rivaling some of the world's largest companies.

This trend underscores the growing institutional and retail interest in Ethereum, suggesting a robust and optimistic outlook for the cryptocurrency market.