CryptoQuant has officially outed the Ethereum crowd for being, well, stubborn as ever. Despite ETH face-planting in the crypto charts, these holders are clutching their coins tighter than a Londoner’s umbrella in July. Apparently, “sell” isn’t even in their vocabulary right now. Bold choice, given the vibes.
Ethereum holders: they see blood, they buy more 🐙
In a dramatic Monday X post (because where else do you go for news now?), CryptoQuant called out a breed of Ethereum investors who are unbothered, unflappable, possibly hypnotized. These are people with genuine conviction or, you know, just really bad at reading sell signals. According to analyst Carmelo Aleman, ETH has been on a classy slide from $4,107 back in December 2024. I mean, who says rollercoasters are just for theme parks?
And then there was March 10. ETH sags below $2,000. “Oh no!” investors probably said, while buying more—the sort of logic that would give Warren Buffett a migraine. Suddenly, a dazzling new world where your addresses are now set to “unrealized loss.” Pretty place, bit stressful.
Let’s talk whales: consistent ETH hoarders, feeding their addresses and never actually selling. Their balances go up, their hearts, presumably, don’t.
ETH Holders Refuse to Sell: Accumulating Addresses Lower Their Cost Basis
“On March 10 they held 15.5356M ETH, and by May 3 this rose to 19.0378M ETH, a 22.54% increase. Behavior reflects structural conviction & clear expectations of short-term appreciation.” – By @oro_crypto
— CryptoQuant.com (@cryptoquant_com) May 5, 2025
Now, for a plot twist: cost basis just tripped on the pavement. Accumulating addresses have moved their Realized Price from $2,026 to $1,980 since March. That’s a sizzling 2.32% drop, which should surprise exactly no one with a functioning calculator. ETH is currently sitting at $1,810.63. If you’re reading this and sighing, welcome to the club.
So what do we make of all this? These Ethereum holders are signaling unshakable faith and a wistful hope for a short-term rebound—sort of like keeping that extra croissant for breakfast in the hope your diet starts “tomorrow.” Let’s see if this optimism does anything besides stress out everyone else.
Catalysts for ETH to (possibly) moon… or maybe not 🚀
Turns out, we might have some fireworks ahead. Enter the Pectra Upgrade, expected May 7—because what’s a crypto drama without upgrades that promise to “fix everything”? Staking: more dazzling. Usability: improved. Scalability: apparently comes in the box. Could this finally lift the price and make those accumulating addresses look like absolute geniuses? Your guess is as good as anyone’s.
Oh, and Ethereum ETF flows are perking up! Maybe just a caffeine boost, maybe a full-on revival, it’s too soon to say. Stay tuned while ETH holders ride out the storm, buy even more, and generally avoid selling at all costs. Bold strategy. 😏
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2025-05-05 14:55