Ethereum

With the struggle between <a href="https://finbold.com/guide/bull-market-definition/" rel="noopener noreferrer nofollow">bulls</a> and <a href="https://finbold.com/guide/bear-market-definition/" rel="noopener noreferrer nofollow">bears</a> continuing in the wider <a href="https://finbold.com/category/cryptocurrency-news/" rel="noopener noreferrer nofollow">cryptocurrency sector</a>, Ethereum (<a href="https://finbold.com/cryptocurrency/ethereum/" rel="noopener noreferrer nofollow">ETH</a>) has been no exception as it tries to overcome the psychologically critical threshold at $1,900 while its richest non-exchange holders have been hoarding.
Indeed, the largest addresses that are not on any <a href="https://finbold.com/guide/best-cryptocurrency-trading-platforms/" rel="noopener noreferrer nofollow">crypto exchanges</a> have continued getting richer with their <a href="https://finbold.com/guide/how-to-buy-ethereum/" rel="noopener noreferrer nofollow">Ethereum holdings</a>, while the top exchange addresses are at their record low holdings, or near genesis levels, according to the data <a href="https://twitter.com/santimentfeed/status/1673343300076552196" rel="noopener noreferrer nofollow">shared</a> by <a href="https://finbold.com/topic/blockchain/" rel="noopener noreferrer nofollow">blockchain</a> and <a href="https://finbold.com/guides/cryptocurrency/" rel="noopener noreferrer nofollow">crypto</a> analytics platform <a href="https://finbold.com/guide/best-crypto-data-websites/#Santiment" rel="noopener noreferrer nofollow">Santiment</a> on June 26.
Specifically, the top 10 non-exchange addresses hold 33.47 million ETH as of late June 2023, which represents the largest supply held by these <a href="https://finbold.com/guide/crypto-wallets/" rel="noopener noreferrer nofollow">crypto wallets</a> of all time. Meanwhile, Ethereum’s top 10 exchange addresses hold 6.78 ETH, the smallest amount since September 2015, equaling only 9.2%.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/1c12b2731c044f328f4dba4f28426644.jpg">
Ethereum top 10 non-exchange vs. exchange holdings. Source: <a href="https://twitter.com/santimentfeed/status/1673343300076552196" rel="noopener noreferrer nofollow">Santiment</a>
<h2 id="header-0">Ethereum price analysis</h2>
Meanwhile, <a href="https://finbold.com/topic/ethereum/" rel="noopener noreferrer nofollow">Ethereum</a> was at press time trading at the price of $1,874.88, recording a decline of 0.98% on the day but still holding on to the moderate weekly gains of 8.41% and a modest increase of 1.41% on its monthly chart, as per the latest data retrieved on June 27.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/760d26a19ebc4d96be7699c30858f5dc.png">
Ethereum 7-day price chart. Source: <a href="https://finbold.com/cryptocurrency/ethereum/" rel="noopener noreferrer nofollow">Finbold</a>
It is also worth noting that the <a href="https://finbold.com/guide/ethereum-rainbow-chart-eth-price-prediction/" rel="noopener noreferrer nofollow">Ethereum Rainbow chart</a> has set the price of the second-largest <a href="https://finbold.com/cryptocurrencies/" rel="noopener noreferrer nofollow">cryptocurrency</a> by market capitalization to stand either in the $2,593 – $3,668 zone or the $5,290 – $7,705 area by January 1, 2024, as Finbold <a href="https://finbold.com/ethereum-rainbow-chart-sets-eth-price-for-jan-1-2024/" rel="noopener noreferrer nofollow">reported</a> on June 23, which means that it could, indeed, surpass the $1,900 mark in the next few months.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
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Ethereum non-exchange addresses thrive as bulls and bears clash at $1,900

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