$7.9 billion worth held by increasing number of Ethereum small-holder addresses
ינהאַלט
- Whales are also buying in
- What do analysts see?
לויט די לעצטע דאַטן פון אין די בלאָק, the number of addresses with 1-10 ETH recently surpassed the milestone of one million addresses and has continued to climb since.
$ עטה increasing adoption.
The number of addresses with 1 to 10 ETH recently surpassed the milestone of 1 million addresses and has continued to climb since.
These addresses collectively hold 3.31m ETH and they increased their balance by 4.75% over the past 30 days. pic.twitter.com/yyihPb0eqr
- IntoTheBlock (@intotheblock) יאנואר קסנומקס, קסנומקס
The blockchain analytics notes that these small-holder addresses now collectively own 3.31 million ETH coins, or nearly $7.9 billion worth. IntoTheBlock significantly notes that this category of holders has also increased its balance by 4.75% since the start of 2022.
Whales are also buying in
U.Today earlier reported on Ethereum whales adding $500 million worth of coins to their holdings, marking the largest accumulation since November.
Following the whales’ lead, retail traders jumped on the bandwagon and began buying a great quantity of coins. The number of small wallets has already surpassed 1.4 million, according to the same data for addresses with more than 1 ETH.
What do analysts see?
יוחנן באַלינגער, a well-known American financial analyst and trader, said on Twitter that he had purchased a modest quantity of Ethereum in a “trial position.” The creator of the “Bollinger Bands” indicator noted that a bullish pattern on Ethereum’s six-hour chart inspired him to buy.
איך געקויפט אַ ביסל $עטהוסד, אַ פּראָצעס שטעלע, לעצטע נאַכט, מיט אַ נאָענט האַלטן - געזונט נאָענט פֿאַר קריפּטאָ ... איך לייקט די מוסטער אויף די זעקס שעה און האָבן שוין קוקן פֿאַר אַ פּאָזיציע. ניט אַ הויך צוטרוי האַנדל און איך בין מיסטאָמע פרי, אָבער פינגער פונ פוס איז אין און איך בין פאָוקיסט איצט.
- יוחנן באַלינגער (@ באַנדס) יאנואר קסנומקס, קסנומקס
Bollinger, in particular, urged his followers to pay attention to the Ethereum chart as the market was about to correct. As a result, he has warned his followers that this is not a “high confidence trade,” and that the timing of his buy may not be optimal.
Ethereum is down 51.16% from its record highs of $4,878 and trades at $2,395 at press time.
Source: https://u.today/ethereum-small-holder-addresses-continue-to-grow-and-now-control-79-billion-worth