Ethereum's long-term holders increase their share, indicating confidence in its future.
Trends in Long-Term Holders
According to IntoTheBlock, 74.7% of Ethereum addresses belong to long-term holders, greatly surpassing Bitcoin's 60%. This trend reflects confidence in Ethereum's growth. In 2024, Ethereum's long-term holder percentage rose from 59% to 75%, while Bitcoin's percentage dropped from 70% down to 62%.
Changes in Funding Rates
As per CryptoQuant, for a sustainable price rise, funding rates should reflect high demand. However, a recent spike in rates appeared later than expected, raising questions about market strength. The rates sharply dropped after Bitcoin was rejected at the $108,000 resistance level last week.
Ethereum Forecasts
Crypto analyst Ali Martinez reveals that Ethereum is following an ascending parallel channel and may find support at $2,800, with potential growth to the $6,000 mark.
Ethereum continues to dominate in long-term holder ratios, with its market prospects remaining positive.
