Ethereum New Buyers Drive On-Chain Activity Surge Amid Strong Long-Term Holder Accumulation
Main Idea
Ethereum's new buyers have significantly increased on-chain activity since July 2024, with long-term holders accumulating ETH during price consolidation, reflecting strong demand and confidence in its future value.
Key Points
1. Ethereum's new buyers have driven a notable increase in on-chain activity since July 20, 2024, with transaction volumes approaching May 2021 highs.
2. Long-term holders are accumulating ETH during price consolidation, indicating high confidence in its future value.
3. On-chain transfer amounts in USD have exceeded December 2024 levels, suggesting increased participation by large funds and improved liquidity.
4. Ethereum 2.0 staking data shows nearly 700,000 ETH queued for withdrawal, signaling a shift from early holders to newer institutional investors.
5. Despite ETH's price remaining below $4,000, the surge in on-chain activity and accumulation highlights strong market participation and growth potential.
Description
Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! Ethereum’s new buyers
Latest News
- Trump Urges Federal Reserve to Cut Interest Rates, Says Vought of U.S. Budget Office2025-07-27 13:03:59
- New Whale Wallet Opens $16.6M XRP Position With Leverage Amid Market Uncertainty2025-07-27 12:51:21
- Michael Saylor’s Bitcoin Tracker Release Signals Potential Increase in Strategy’s BTC Holdings2025-07-27 12:37:05
- Anthropic Eyes Up to $150 Billion Valuation Amid FTX’s Missed Investment Gains2025-07-27 12:24:09
- Michael Saylor Reveals Bitcoin Tracker Data Highlighting Strategy’s Quarter Billion BTC Investment2025-07-27 12:23:26