Ethereum (ETH) emits a rare signal! Long-term holders are entering the accumulation phase, is a price breakthrough near?

Ethereum (ETH) long-term holders (LTH) are entering a rare accumulation phase, which has heightened market expectations for a recent breakout. Recent market behavior, combined with proactive community developments and institutional strategic initiatives, indicates that although Ethereum is still in a consolidation phase, investor sentiment has undergone a notable shift.

The strong accumulation of ETH shows that holders have great confidence

On-chain data and the latest market analysis indicate that the accumulation activity of long-term ETH holders is surging, and this trend is particularly evident during the price consolidation period in June, when ETH mostly fluctuated between $2,476 and $2,681.

Despite the stagnation of ETH prices, the inflow into long-term wallets is still increasing, indicating that people's confidence in Ethereum's future value is growing.

Analysts indicate that the current buying phase under low volatility conditions may be an early signal of significant fluctuations in the price of ETH.

Discussions within the Ethereum community indicate that the recent buying pressure is related to the Pectra upgrade. This upgrade was completed earlier this year after extensive testing and has improved the overall performance and scalability of the network.

As a result, many long-term investors seem willing to increase their ETH holdings, with many viewing this as a clear signal of confidence in Ethereum's continuously evolving infrastructure. According to recent analysis, this accumulation pattern is rare and typically heralds a strong market trend.

The divergence between current price action and accumulation activity often reflects the long-term bullish outlook of experienced holders.

(Source: CryptoQuant)

Institutional Support Fuels Surge in ETH Prices

It is worth noting that institutional interest in ETH is also growing strongly. For example, Bit Digital recently halted its Bitcoin mining operations to focus on staking and managing its ETH holdings.

In addition, renowned market strategist Tom Lee has just joined BitMine Immersion Technologies as the chairman. His joining coincides with the company's launch of a $250 million private placement, with a clear goal: to create an asset store focused on Ethereum rather than Bitcoin. BitMine's move is being closely watched by the cryptocurrency community. The company also plans to track the price of each share of ETH, aligning its business model with the performance of Ethereum.

This represents a shift away from the traditional strategy that favors Bitcoin, indicating that the utility of Ethereum is becoming increasingly attractive, especially in operating DeFi and stablecoins.

Tom Lee emphasized that Ethereum plays a foundational role in the stablecoin ecosystem. At the same time, stablecoins are increasingly being widely accepted by financial institutions.

In fact, Ethereum's core role as underlying technology gives the network strategic importance in the cryptocurrency industry.

BitMine's new strategy is not only to accumulate ETH as an asset but also aims to enhance its position within the entire cryptocurrency economy.

Market Attention on ETH Price Breakthrough Before Fusaka Upgrade

It is worth noting that with the upcoming major upgrade of Ethereum, known as Fusaka, market expectations are steadily rising. Reports suggest that this upgrade will bring many new technological improvements to the Ethereum network.

Currently, many traders and analysts are closely watching the price trend of ETH ahead of this upgrade. This becomes even more important when the activity of long-term holders is unusually active.

Despite the fact that the ETH price is still suppressed at the moment, the accumulation levels remain high.

With institutional support and technological development, Ethereum has a solid foundation and is expected to achieve a strong breakthrough in the near future.

Despite the ongoing turmoil in the entire cryptocurrency market, Ethereum's internal signals present a different picture — maintaining calm confidence and stable preparedness for a new round of bull market.