Ethereum Whales Accumulate: Long-Term Holders Boost Holdings Ahead of Pectra Upgrade

A significant accumulation trend is emerging in the Ethereum (ETH) market as long-term holders continue to increase their holdings. Over two months, these wallets increased their ETH reserves by 22%, significantly lowering their average cost basis despite ongoing price weakness. This buying activity comes at a time when the price of ETH has held steady around $1,800, signaling confidence in its future value even amidst market corrections.