Ethereum Shows Strong Conviction As Long-Term Holders Ramp Up Accumulation

Ethereum Shows Strong Conviction As Long-Term Holders Ramp Up Accumulation

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Source: TheMerkle.com

Long-term holders of Ethereum (ETH) have demonstrated unwavering conviction in 2024, with their collective holdings steadily increasing.

Currently, around 110 million ETH is held by these long-term investors, marking a significant rise in their stake over the past two years.

Social sentiment surrounding Ethereum has turned notably negative, reaching its lowest point since December 18, 2023—traditionally seen as a bullish signal. In fact, Ethereum surged by 30% in price when

Read More https://themerkle.com/ethereum-shows-strong-conviction-as-long-term-holders-ramp-up-accumulation/

The post "Ethereum Shows Strong Conviction As Long-Term Holders Ramp Up Accumulation" appeared first here TheMerkle.com.

Source: TheMerkle.com

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