Ethereum Holders Stand Firm as Cost Basis Nosedives
Crypto analytics platform CryptoQuant has revealed a significant trend in the Ethereum community. Over the past few weeks, many Ethereum (ETH) holders are choosing to hold onto their investments, despite the recent bearish price movements. This steadfastness suggests that investors currently view their holdings as long-term assets, preparing for future price rebounds. The reluctance to sell even in a downturn indicates strong investor confidence in Ethereumโs fundamentals and its future potential. As market dynamics shift, these long-term holders may set the stage for a recovery and future growth.