Ethereum’s Silent Surge: Metrics Soar as Price Stays Grounded (For Now)
- Accumulation addresses set a historical record in June – from 16.7281 million ETH at the start of the month to 22.7465 million ETH at the end
- Whale and institutional accumulation hit record monthly highs in June, with approximately 6 million ETH added to long-term accumulation addresses
- Total ETH staked recently surpassed 35 million setting, a new all-time high
A new CryptoQuant article notes that while Ethereum price remains flat, “institutional investors continue accumulating and locking tokens at record levels,” suggesting that the market could be primed for a breakout.
Metrics include historical accumulation addresses, negative exchange netflows, and staking spikes, which are common indicators that Ethereum is being taken off the market and held for the long term.
Accumulation addresses (sort of special wallets that aren’t owned by centralized exchanges, with minimal or no Ethereum outflows) set a historical record in June. From the start of the month to June 30, it grew from 16.7281 million ETH to 22.7465 million ETH. This translates to a 35.97% increase in holdings in one month.
Institutions add 6 million ETH in a single month
When it com…
The post Ethereum’s Silent Surge: Metrics Soar as Price Stays Grounded (For Now) appeared first on Coin Edition.
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Ethereum (ETH) Price Prediction for July 4
Ethereum’s Silent Surge: Metrics Soar as Price Stays Grounded (For Now)
- Accumulation addresses set a historical record in June – from 16.7281 million ETH at the start of the month to 22.7465 million ETH at the end
- Whale and institutional accumulation hit record monthly highs in June, with approximately 6 million ETH added to long-term accumulation addresses
- Total ETH staked recently surpassed 35 million setting, a new all-time high
A new CryptoQuant article notes that while Ethereum price remains flat, “institutional investors continue accumulating and locking tokens at record levels,” suggesting that the market could be primed for a breakout.
Metrics include historical accumulation addresses, negative exchange netflows, and staking spikes, which are common indicators that Ethereum is being taken off the market and held for the long term.
Accumulation addresses (sort of special wallets that aren’t owned by centralized exchanges, with minimal or no Ethereum outflows) set a historical record in June. From the start of the month to June 30, it grew from 16.7281 million ETH to 22.7465 million ETH. This translates to a 35.97% increase in holdings in one month.
Institutions add 6 million ETH in a single month
When it com…
The post Ethereum’s Silent Surge: Metrics Soar as Price Stays Grounded (For Now) appeared first on Coin Edition.
Read More