Ethereum Owners Hesitate to Sell, Average Purchase Price Plummets
Headliner: Ethereum Holders Stick it Out Through Market Swings: What's Behind the Persistence? 🔗 [U.Today]
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In a recent analysis, CryptoQuant has brought to light an intriguing trend among Ethereum (ETH) investors. In the face of market turmoil, these buyers have remained tight-lipped, steadfastly resisting the urge to sell their ETH holdings.
Holding Steady in a Volatile Market 📉
According to a Monday post, some die-hard Ethereum believers are World of Ethereum advocates. They have demonstrated their optimism by withstanding a significant price dip from $4,107 in late 2024 [Carmelo Aleman].
Slow and Steady Wins the Race for Whales 🐳
Things took a surprising turn on March 10, as ETH dipped below $2,000, pushing accumulating addresses into the red. Despite this, ETH whales—both large and small—continue to amass ETH without significantly selling off their holdings. Their stash either remains stable or increases, regardless of market fluctuations.
So far, the cost basis has plummeted, with accumulating addresses lowering their Realized Price from $2,026 to $1,980 as of May 3. This translates to a 2.32% drop since March 10. At the time of writing, Ethereum trades at $1,810.63 after shedding 0.94% of its 24-hour gains, according to CoinMarketCap data.
Ethereum Holders Dig in their Heels, Waiting for the Green Light 💡
The on-chain behavior of Ethereum holders underscores their resolute commitment and two-cents-worth on Ethereum's forthcoming appreciation. Market observers are eager to see whether this unshakable sentiment among ETH enthusiasts will propel Ethereum to new heights.
Will This Optimism Spell Success for Ethereum? 🎯
A slew of upcoming events in the coming weeks may fuel Ethereum's price rally. On May 7, the Ethereum Pectra Upgrade is set to launch. This upgrade includes a promise of improved staking and scalability enhancements. If successfully implemented, the price of ETH could see an uptick in favor of the accumulating addresses.
Additionally, Ethereum ETF flows are improving, hinting at a potential shift in sentiment. If this trend continues, it too could bolster the price of ETH.
Key Events Driving the Ethereum Price ⚡️
- Ethereum Pectra Upgrade: Schedule for May 7, this upgrade is anticipated to improve staking within the Ethereum ecosystem while also boosting scalability and user experience.
- Ether ETF Flows: Improving flows suggest a possible shift in sentiment, which could further impact the price of ETH.
Additional Information:
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- Sources:
- [1] U.Today. (2025). Here is how market watchers expect the Ethereum price to evolve. Retrieved from https://u.today/here-is-how-market-watchers-expect-the-ethereum-price-to-evolve
- [2] Arman Shirinyan. (2025). This can change Ethereum: Interoperable Addresses update coming. Retrieved from https://u.today/this-can-change-ethereum-interoperable-addresses-update-coming
- [3] Arman Shirinyan. (2025). Ethereum (ETH) Volume Close to Zero, but There's Crucial Detail. Retrieved from https://u.today/ether-ethereum-volume-close-to-zero-but-theres-crucial-detail
- [4] Arman Shirinyan. (2025). Ethereum (ETH) Beat All Expectations: Here's Why. Retrieved from https://u.today/ether-ethereum-beat-all-expectations-heres-why
- [5] Decrypt. (2025). What is the Pectra Upgrade for Ethereum and Why Is It So Important? Retrieved from https://decrypt.co/resource/what-is-the-pectra-upgrade-for-ethereum-and-why-is-it-so-important
- Despite a significant price dip of Ethereum (ETH) from $4,107 in late 2024, die-hard Ethereum believers and World of Ethereum advocates have shown resilience by holding onto their ETH holdings.
- Even as Ethereum (ETH) dipped below $2,000 on March 10, ETH whales, both large and small, have continued to accumulate ETH without significantly selling off their holdings, resulting in an increase or stability of their stash.
- Ethereum holders' unwavering commitment is evident in their refusal to sell their ETH holdings, even during market fluctuations, suggesting their optimism about Ethereum's future appreciation.
- Upcoming events such as the scheduled Ethereum Pectra Upgrade on May 7, which promises improved staking and scalability enhancements, may contribute to a price rally for Ethereum (ETH).
- Improving Ethereum ETF flows indicate a possible shift in sentiment, which could further impact the price of ETH and potentially bolster it if the trend continues.
