CandleFocus Ethereum in accumulation addresses double since January 2024: CryptoQuant
2024-10-20
Author: Content Editor
According to recent data from CryptoQuant, there is a significant amount of Ethereum (ETH) being held by entities that are not actively spending or moving their funds. The total number of ETH in accumulation addresses has surpassed 19 million, almost doubling compared to January 2024. One analyst predicts that this number will exceed 20 million by the end of the year. The approval of spot Ethereum exchange-traded funds (ETFs) by the Securities and Exchange Commission in early 2024 has boosted confidence and made Ethereum more mainstream. By the end of the year, when the address holdings reach 20 million ETH, their value is expected to be as big as that of the world's largest companies, totaling around $80 billion with an Ethereum price of $4,000. Data from IntoTheBlock shows that 71% of Ethereum holders are currently in profit, with 29% in loss and 1% in neutral. The majority of ETH holders have held their coins for over a year. The price of Ethereum has seen a 2% surge in the last 24 hours and is up by over 10% in the past week, reaching the $2,700 level.
Related News
Bitcoin Price Soars – Above $69,000 Seen – What is the Latest Data? Has Dogecoin Price Hit Overbought After 30% Weekly Surge? Most Undervalued Cryptocurrencies to Invest in 2024: Unlocking the Potential of Ellipsis, Storj, and Chiliz FLOKI Breaks Out Of Downtrend: Analyst Predicts 200% Rally To New All-Time High Buterin Proposes Changes to Ethereum Staking to Prevent Centralization Donald Trump’s actions show a man fighting to lose, not win the election Bitcoin’s Dominance Spiked 14% in 2020—Could the Same Altcoin Rally Happen Again? Ethereum in accumulation addresses double since January 2024: CryptoQuant Rising Bitcoin Prices May Threaten Social Stability, European Central Bank Experts Warn Crypto founders should stop chasing narratives and start creating them Prediction markets are not being manipulated — Kalshi founder The Funding: Why Trump-linked crypto project World Liberty Financial flopped LDO Price Recovery May Gain Momentum Post Prolonged Consolidation Memecoin Trader Falls Victim to FOMO Crypto Analyst Predicts SUI Price to Surpass $2.6 in Next Recovery Leap Why Bitcoin Price Could Revisit $63k Before A New ATH Stripe acquires stablecoin platform Bridge for $1.1 billion in crypto's largest acquisition: TechCrunch founder Why $2.8K is the Key Price Level for Ethereum’s Next Rally The ApeCoin Explosion: APE Price Surge Nears 100% In 1 Day TON Leads Top 10 Blockchains by YoY Growth as Transactions Surge DYDX Price Jumps 30%, Ranks Among Top-Performing Altcoins Today Watch Out: There Are Many Economic Developments and Altcoin Events in the New Week – Here is the List to Follow This Week in Crypto Games: 'X Empire' Airdrop, 'Hamster Kombat' Season 2 Revealed Bitcoin price rally above $70K could supercharge ETH, SOL, DOGE and SHIB Watch Out: 21 Altcoins Have Massive Token Unlocks in the New Week – Here is the Day by Day, Hour by Hour List PEPE Price Sees Breakout And Retest: Could It Gain 60% in 2024 Top Daily Crypto Gainers on October 20, 2024: ApeCoin Leads the Surge Turtle-themed Speedy, Bored Ape’s ApeCoin spike over 100% BRETT Price Up 8% This Week: Is the Bullish Trend Set To Continue? Why 'X Empire' Telegram Players Are Complaining to Elon Musk About the Airdrop Shiba Inu's Burn Rate Skyrockets 880% as 320 Million SHIB Vanish: Details Celestia (TIA) Price Enters Critical Phase Ahead of $1 Billion Token Unlock Coffeezilla vs. Andrew Tate: YouTuber blasts influencer for shifting crypto stance from critic to promoter MicroStrategy Founder Michael Saylor Makes an Astonishing Prediction About Bitcoin Price 176 Million Dogecoin (DOGE) Transfer Stuns World's Largest Exchange Analyst explains why not short Bitcoin right now Solana (SOL) Price Prediction for October 20 Popular crypto influencer Jaypeg accused of promotional scam Yescoin Integrates OKX Connect for Streamlined DeFi Interactions Watch Out: Unusual Trading Volume Increases in 5 Altcoins in South Korea After Surging by 110% Daily, Can ApeCoin (APE) Break its All-Time High? Bitcoin Holding 57.6% Dominance as ApeCoin Sees $5.53M in Liquidations Bitcoin Dominance Overshadows Several Important Crypto Trends Crypto Threats Grow as Angel Drainer Takes Control of Inferno’s Draining Tools Bitcoin Price Breaks 7-Month Accumulation with Whale Influx; ATH Next? Ethereum (ETH) Price Prediction for October 20 Bitcoin price analysis sees rematch with 2021 record high vs. S&P 500 Shiba Inu (SHIB) on Verge of Golden Cross: Possible Scenarios Polygon Continues To Fluctuate Due To Traders' Indecision AI Coins Dominate the Market: $TAO Expected to Break $700 What You Actually Get When You Buy An NFT ENA Price Shows Bullish Pattern at Bottom: Can It Reclaim $1 Mark? $556M in spot Bitcoin ETF inflows signals major shift in investor sentiment U.S. Leads Global Cryptocurrency Market with $800 Billion Received Value Toncoin Price Is Showing Turbulent Activity Data centers and Crypto: Adapting for the future Shiba Inu to Reach $0.000053865 If It Matches Ethereum Market Cap Why Bitcoin is set to surge past $130,000 in January 2025 Here are Potential Timelines for XRP to Hit $100, $500 and $1000 Shiba Inu (SHIB) Holders Pull $288 Million from Exchanges Following 30% Price Increase Tether’s USDT hits record $120B market cap, flashing ‘Uptober’ signal Dogecoin (DOGE) Skyrockets 27%: Will Shiba Inu (SHIB) Grow Even Bigger? Most Andrew Tate-endorsed memecoins crashed to zero XRP Failed 6 Times in Row: What Happened? Analyst Issues Bitcoin Warning, Says Nothing Wrong With Being Cautious Amid ‘Strange’ Week for BTC EIP-7702 and Odyssey Testnet: The Next Evolution in Crypto Infrastructure ApeCoin (APE) Price Rallies 66%, Makes Top 100 Comeback Vitalik Buterin Highlights Two Major Risks on the Ethereum Network 3 signs Bitcoin’s 'parabolic phase' with a $250K target is about to begin Bloomberg's Senior ETF Analyst Questions Cardano's Future You Might Never Buy Bitcoin Under $40K if History Is Any Guide Top Crypto Projects by Social Activity: FLOKI and GALA Lead the Pack ‘This Needs To Stop’—Tesla Billionaire Elon Musk Issues ‘Staggering’ Fed ‘Bankruptcy’ Warning After Sparking Bitcoin Price Panic Bollywood Star Linked to Crypto Scam? India Probes Deeper Into Betting Allegations DeBox Partners with DeAgentAI to Revolutionize Social Trading Maverick Protocol Integrates with Coinbase Wallet for Easier Access and Swaps Ethereum Price Analysis: Where Is ETH Heading Next After Gaining 7% Weekly? The Reason Behind ApeCoin’s (APE) 66% Daily Surge: Details Top Trader Warns Not To Call Top on Crypto Bull Market, Updates Outlook on Ethena (ENA) and One Memecoin Dogecoin Creator Made $720,000 This Year From Selling DOGE ApeCoin (APE) Returns to Top 100 Alts, Bitcoin (BTC) Maintains $68K (Weekend Watch) Crypto airdrop incoming: the claims of next week The analysis of the Exponential.fi report on DeFi Dogecoin Skyrockets 1,856% in Netflows as Whales Trigger Massive Moves How High Can ApeCoin’s (APE) Price Go After the Bridge Launch? From $3.6T to $1.2T: The Surprising Decline in Stablecoin Transfer Volume Unveiled Web3 Markets in Infancy, Viewed as 'Lottery' by Investors, Says Finance Veteran Ripple CEO Praises the State of Cryptocurrency Regulation in Brazil Donald Trump Supporters Allegedly Interfered with Cryptocurrency Prediction Platform 'We're Heading to 6-Figure Bitcoin' — What's Driving This Bold Prediction ETH held in accumulation wallets jumps 65% since the start of 2024 SAND’s reversal odds – Identifying if an upside is likely for its price Delhi High Court Launches Investigation into WazirX Hack of ₹2,000 Crores Wells Fargo Customers’ Data Exposed, Used for Fraud in ‘Preventable Hack’, Alleges New Class Action Lawsuit LayerZero Under Intensified Bearish Pressure, Halting Recovery Efforts Bitcoin Dominates Crypto Market with 57.6% Share as Total Volume Hits $66.75B Can BRICS Dethrone World Bank and IMF? Why Cuba Is Betting on Its Growing Dominance XRP's Legal Status Unshaken Amid SEC Appeal – Ripple Prepares Counterstrike Bitcoin Poised To Reshape Global Finance And Public Markets Bitcoin now has $1T ‘market cap lead’ over ETH amid $68K price Wells Fargo Customers’ Data Exposed, Used for Fraud in ‘Preventable Hack’, Alleges New Class Action Lawsuit Dogecoin Price Flashes Sell Signal After 10% Jump, Is It Time To Get Out? Charles Hoskinson Says Cardano Will Flip Bitcoin And Ethereum, Here's When Bitcoin Whales ‘Grew Substantially’ During Last Dip, Data Shows Large-Holder Accumulation Vanar Partners with Pakistan Blockchain Institute to Drive AI and IoT Innovation Bitcoin ETFs Surge to $20 Billion inflows, Outpacing Gold ETFs in Growth Biggest Altcoin Gainers of the Third Week of October 2024 Altcoins Trader Makes Fortune With $GOAT and $GNON Dogecoin Could Skyrocket by Over 600%, According to Top Crypto Trader – Here’s How Post halving, Bitcoin miners are choosing between hodling BTC and upgrading to AI Could Bitcoin Break $100,000? Analysts Predict 6-Figure Milestone WIF Rally Faces Danger After 50% 30-Day Gain