Ethereum Hodlers Surge Past 87 Million: Is $1500 ETH the Next Stop?
Ethereum is showing remarkable resilience, with the number of addresses HODLing ETH recently surpassing 87 million, creating a new all-time high. This surge in Ethereum adoption, despite ongoing market volatility, signals strong confidence in the long-term potential of the world\'s second-largest cryptocurrency.
Recent data shows that total HODLers of Ether (ETH), Ethereum’s native crypto, have exploded in recent months. A surge remarkably driven by crypto staking. This increasing number of long-term holders, often referred to as "hodlers," suggests a bullish sentiment and a belief in Ethereum\'s future growth.
Ethereum Breaks Losing Streak with Massive Inflows: Ethereum has broken its five-week losing streak with $87 million inflows, leading a broader $1.2 billion surge in digital asset investments. Explore what’s driving this turnaround. This resurgence is fueled, in part, by growing optimism surrounding Ethereum spot exchange-traded funds (ETFs) which have logged 16 consecutive days of positive daily inflows, renewing optimism for ETH’s potential new all-time high (ATH).
Whales Accumulate, Supply Shrinks: Whale wallets Ethereum ‘hodlers’ – investors holding ETH for one year or longer – possess a record 100.87 million ETH. Over 1 million ETH withdrawn from exchanges over the past month, signaling strong investor accumulation and reducing circulating supply pressure. Meanwhile, the amount held by short-term traders has declined to the lowest level, indicating a shift towards long-term investment strategies.
Towards the end of last week the number of addresses HODLing Ethereum surpassed 87 million creating a new all-time high. Parallelly the number of new addresses on the network continues to grow, showcasing expanding user adoption.
While Ethereum adoption continues to grow, alternative solutions like Rexas Finance are emerging. Rexas Finance is gaining traction due to its fundamentals and looks to be the next big thing in the market, which many believe could surpass Ethereum, too. Rexas. However, Ethereum\'s established ecosystem and growing hodler base provide a strong foundation for future growth.
With the number of Ethereum hodlers exceeding 87 million, could $1500 be the next milestone? The strong hodler base, increasing institutional interest, and continued development of the Ethereum ecosystem suggest a positive outlook for ETH\'s future price trajectory.