Glassnode: Number of long-term Ethereum holders hits new high

Glassnode data shows that the number of long-term Ethereum holders has reached a new high. The Ethereum HODL Waves chart shows that there is a clear concentration of Ethereum held for 1 to 3 years, indicating that a large amount of Ethereum acquired during the 2021-2022 period is still being held. The 1-2 year and 2-3 year ranges reflect these holdings, which account for a large part of the total supply. This holding pattern shows that investors are confident in the long-term value of Ethereum, and a considerable number of investors choose to keep their Ethereum holdings instead of selling them due to market fluctuations, and the decline in the proportion of Ethereum held for less than 6 months further supports this trend. In addition, the proportion of Ethereum held for more than 7 years has increased, representing long-term holders who have experienced multiple market cycles. (CryptoSlate)