Trading & Financial News
No Result
View All Result
Wednesday, October 15, 2025
  • Login
  • Economy
  • Markets
  • Forex News
  • Investing
  • Stock Trading
  • Crypto
  • Trading for beginners
Subscribe
Trading & Financial News
  • Economy
  • Markets
  • Forex News
  • Investing
  • Stock Trading
  • Crypto
  • Trading for beginners
No Result
View All Result
Trading & Financial News
No Result
View All Result
Home Crypto

ETH Held in Accumulation Wallets Jumps By 65% Since Start of 2024

by Tradinghow
October 21, 2024
in Crypto, Stock Trading
A A
0
ETH Held in Accumulation Wallets Jumps By 65% Since Start of 2024
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter


Long-term investors double holdings as Ethereum Spot ETFs gain traction, signaling strong confidence in future growth.

What Are Accumulation Addresses?

Accumulation addresses are wallets where investors hold cryptocurrencies for the long term, without frequent trading. These wallets are often used by those who believe in the future growth of a particular cryptocurrency, like Ethereum.

Significant Increase in Ethereum Holdings

Since January 2024, the amount of Ethereum held in these accumulation addresses has nearly doubled. As of October 18, 2024, over 19 million ETH are stored in such wallets. This represents a 65% increase since the start of the year, showing strong confidence among long-term investors.

Impact of Ethereum Spot ETFs

The approval of Ethereum Spot Exchange-Traded Funds (ETFs) has played a crucial role in boosting investor confidence. These ETFs allow mainstream investors to gain exposure to Ethereum without directly buying the cryptocurrency. Despite some net outflows of $467.3 million since their launch in July, the overall sentiment remains positive.

Potential

Analysts predict that the amount of Ethereum in accumulation addresses could surpass 20 million by the end of 2024. If Ethereum’s price reaches $4,000, this could translate to a total value of $80 billion. Currently, 71% of Ethereum holders are in profit, with most having held their coins for over a year.

The increase in Ethereum held in accumulation addresses signals strong belief in its long-term potential. For investors, this trend suggests that Ethereum could continue to be a valuable asset. However, it’s important to stay informed about market changes and consider the risks involved in cryptocurrency investments.



Source link

https://primexbt.investments/start_trading/?cxd=459_549985&pid=459&promo=[afp7]&type=IB https://primexbt.investments/start_trading/?cxd=459_549985&pid=459&promo=[afp7]&type=IB https://primexbt.investments/start_trading/?cxd=459_549985&pid=459&promo=[afp7]&type=IB
  • Trending
  • Comments
  • Latest
The Evolving International Cannabis Landscape

The Evolving International Cannabis Landscape

March 20, 2024
Uniswap Launches Permissionless Bridging Across 9 Networks

Uniswap Launches Permissionless Bridging Across 9 Networks

October 24, 2024
UK Faces Two Decades of No Earnings Growth and More Austerity

UK Faces Two Decades of No Earnings Growth and More Austerity

July 29, 2023
China tech groups lead multibillion-dollar campaign to help exporters sell at home

China tech groups lead multibillion-dollar campaign to help exporters sell at home

April 20, 2025
High Street Retailers Pin Hopes On Discount Splurge In Black Friday Fever

High Street Retailers Pin Hopes On Discount Splurge In Black Friday Fever

0
UK Faces Two Decades of No Earnings Growth and More Austerity

UK Faces Two Decades of No Earnings Growth and More Austerity

0
Learn how to trade. For beginners

Learn how to trade. For beginners

0
Trading for beginners

Trading for beginners

0
Top 10 Blogs from Q3: Private Market Reckoning, Fed Pivots, the Case for Low-Vol

Top 10 Blogs from Q3: Private Market Reckoning, Fed Pivots, the Case for Low-Vol

October 15, 2025
Client Challenge

Client Challenge

October 15, 2025
Nigerian Automaker, Innoson launches plan for new CNG assembly plant

Nigerian Automaker, Innoson launches plan for new CNG assembly plant

October 15, 2025
Raila Odinga, ‘the enigma of Kenyan politics’, passes away aged 80

Raila Odinga, ‘the enigma of Kenyan politics’, passes away aged 80

October 15, 2025

Recent News

Top 10 Blogs from Q3: Private Market Reckoning, Fed Pivots, the Case for Low-Vol

Top 10 Blogs from Q3: Private Market Reckoning, Fed Pivots, the Case for Low-Vol

October 15, 2025
Client Challenge

Client Challenge

October 15, 2025

Categories

  • Business
  • Crypto
  • Economy
  • Forex News
  • Investing
  • Markets
  • More
  • Stock Trading
  • Trading for beginners

Site Navigation

  • Home
  • Contact Us
  • Stock Trading
  • Markets
  • Investing
  • Other Links
  • Privacy & Policy
Trading & Financial News

We bring you the fastest breaking news on Trading, forex, and finance submitted from credible and reliable news sources around the world.

© 2019-2025 Tradinghow is your trusted hub for forex news, online trading insights, and financial market analysis. www.tradinghow.com

No Result
View All Result
  • Contact Us
  • Home
  • Economy
  • Crypto
  • Investing
  • Markets
  • Forex News
  • Stock Trading

© 2019-2025 Tradinghow is your trusted hub for forex news, online trading insights, and financial market analysis. www.tradinghow.com

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In