Even amid a broader downturn in the cryptocurrency market, Ethereum has shown remarkable resilience. Recent analysis reveals that Ethereum accumulation addresses recorded a staggering 60% increase in holdings over the past five months, despite a significant price correction of over 19.5%. After finding a local bottom at $3,100, Ethereum has shown slight recovery, climbing by 5% in the last two days. This accumulation trend suggests long-term confidence in Ethereum’s future by committed investors. Understanding market movements and these trends can reveal much about investor confidence levels. As Ethereum continues to rebound, keeping track of these dynamics will be essential for gauging potential future growth. Stay vigilant in monitoring the market!