Ethereum Accumulation Addresses Pin $2.9K Realized Price – Strong Support Ahead?
Ethereum is navigating a critical phase in the market after shedding more than 14% of its value since September 13. The second-largest cryptocurrency has entered a corrective stage following weeks of strong price surges that carried it to multi-month highs. Despite the recent downturn, sentiment among analysts and investors remains cautiously optimistic, with many expecting […]
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According to a recent CryptoQuant Quicktake post, Ethereum (ETH) accumulation addresses are continuing to stack ETH despite mounting unrealized losses. In the analysis, CryptoQuant contributor Carmelo Aleman noted that these addresses have increased their exposure to ETH, even as the asset trades well below recent highs. Ethereum Holders Are Staying Put Despite Unrealized Loss Since reaching its cycle high of $4,107 in December 2024, ETH has experienced a sharp pullback of over 50%, currently trading around the $1,800 mark. Despite this steep correction, long-term ETH holders –....
Bitcoin holders have again reaffirmed their faith in the flagship crypto despite its recent price declines. This follows recent data showing that Bitcoin accumulation addresses recorded a new all-time high (ATH) amidst the current market downward trend. Accumulation Addresses Record New All-Time High Of Bitcoin Inflows Data from the on-chain analytics platform CryptoQuant shows that over 27,700 BTC was transferred into accumulation addresses between April 16 and 17. This is a new all-time high (ATH) for these addresses in terms of their daily Bitcoin inflows. Related Reading: Crypto....
Ethereum has undergone a strong rally to $406, up 8% in the past 24 hours. ETH is slated to move higher as there seems to be a trend of accumulation taking place amongst Ethereum investors. Per new data, 250,000 ETH has been siphoned off of Binance in the past 24 hours, which is 10% of the exchange’s holdings. Strong Ethereum Accumulation Taking Place: Data Ethereum has undergone a strong rally over the last day on […]
Amid a general crypto market price fall in the past week, Ethereum (ETH) recorded a price correction of over 19.5% finding support at a local bottom of $3,100. Since then, the prominent altcoin has only shown slight resilience rising by over 5% in the past two days. However, recent data on wallet activity provides much cause to be bullish on Ethereum’s long-term future. Related Reading: Ethereum Rejected At $4,000 Resistance Again: What Lies Ahead For ETH? Ethereum HODL Addresses Increase Supply Dominance To 16% In a recent QuickTake post, CryptoQuant analyst MAC_D shared some positive....
On-chain data shows the Bitcoin “accumulation addresses” have observed all-time high inflows following the latest asset price slump. Bitcoin Accumulation Addresses Have Aggressively Bought The Dip As an analyst in a CryptoQuant Quicktake post pointed out, the total Bitcoin inflows going towards the accumulation addresses have set a new all-time high recently. The “accumulation addresses” […]