According to Glassnode, the number of ETH coins that were last moved 2-3 years ago hit a 9-month high of 16,884,718 ETH
The above number of ETH coins is approximately 14.7% of the total number of coins in circulation (about 115 million). Considering the current prices, the volume of “sleeping” coins is estimated at $ 32.5 billion. This number of coins that have not moved for a long time is proof that ETH investors are especially optimistic about the long-term future of the digital asset and the network.
On February 20, Ethereum’s price set a new all-time high of $ 2042. It should be noted that the $ 1800 level will be an important area for ETH to maintain its bullish tone for the rest of the month.
However, Ethereum has several reasons for its continued growth. Grayscale is constantly accumulating Ethereum: 223,161 ETH have been purchased in the last 30 days. Ethereum continues to gain popularity among ordinary investors, for example Gene Simmons said that he acquired ETH for $ 300,000 back in October 2020. Trading volumes and the amount of open positions for ETH futures on CME continue to grow. ETH 2.0 staking is gaining momentum – 3.174 million ETH coins are blocked on the deposit contract.
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