The Accumulation Wave of ETH: Rising Investor Confidence

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According to data from CryptoQuant, the continuous accumulation of Ethereum (ETH) is showing a surge trend, indicating that more and more addresses are beginning to view this asset from a long-term holding perspective.

Currently, the number of addresses holding ETH has increased by 60%. These addresses account for 16% of the total supply, approximately 19.4 million ETH, significantly higher than 10% in August. This change marks a significant shift in investor behavior. Typically, this accumulation trend is seen as a bullish signal, indicating that investor confidence in the market is continuously strengthening, thus bringing upward potential for ETH prices.

If this trend continues, ETH could potentially see a significant increase in the near future.