CryptoQuant contributor MAC_D analyzed that the recent accumulation by a large number of addresses on the Ethereum network, specifically buying addresses, is a bullish sign for the cryptocurrency's price. He noted that a similar pattern was observed historically before significant price increases. MAC_D highlighted that the number of buying addresses has surged in recent weeks, while the number of selling addresses has declined, indicating strong buying pressure. He believes that this accumulation pattern suggests that investors are anticipating a rise in the price of Ethereum.

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