Ethereum Accumulation Soars Despite Losses—What Are Long-Term Holders Seeing?

18h ago•

bullish:

bearish:

According to market insights revealed by Coinvo, a crypto trader and analyst, the Ethereum price in early May is seen as undervalued, even though it is trading above $1,770.

This is a big drop of 63.6% from its highest price of $4,107, which was seen last year in December 2024. Even if Ethereum’s price has become weaker in comparison with major coins like Bitcoin, Blockchain data shows that investors are quietly buying and holding ETH.

Ethereum price is now closely watched by Traders and analysts. Currently, it is valued at a market price of around $1,839.52 backed with a marketcap of $222.09B.

Ethereum Price Lags Behind as On-Chain Metrics Flash Green

In the past two weeks, the Ethereum price has gone up slightly by around 8%, but overall, things are still looking tough. In comparison with last year, the Ethereum price is down by 43%. It has dropped another 1.6% in just the last 24 hours.

At the same time, Bitcoin is only 13.7% below its highest point ever, showing that Ethereum is not keeping up in the current market cycle.

However, Coinvo thinks that this is the time to purchase and not worry. Coinvo made a post on X, which shows a chart with Market Value to Realised Value (MVRV), showing that Ethereum is between the range of 0 and -1, which is usually known as a green zone.

This zone is usually seen as the bottom of the market. Coinvo sees potential for a long-term rise as Ethereum is priced at $1,770.

Ethereum price analysis and key market data

Metric	Price
All Time High (Dec 2024)	$4,107
Current Price	$1,840.26
Below ATH	Roughly 55%
Year Low	$1,386.80
24-hour Trading Volume	$16.3B

Accumulation Addresses Point to Strong Long-Term Confidence

Blockchain analyst CryptoGoos shared data on X, which shows that ETH accumulation addresses, which are wallets that keep receiving ETH without selling, have increased sharply.

According to CryptoQuant analysis, ETH accumulation addresses recorded over 22% increase between March and early May 2025 amid ETH price decline since its high on December 2024.

The inflow of these wallets has grown significantly in 2025, showing that long-term holders are still collecting ETH, even though the Ethereum price has recently dropped.

Spot Volume Decline May Signal Stabilization

According to CryptoQuant analyst Darkfost, the spot trading volume of Ethereum has been falling steadily. Even if it sounds like a bad sign, the analyst has a different opinion.

He points to a bubble chart that shows smaller and lighter bubbles, suggesting that the selling pressure is decreasing.

Ethereum price has fallen with the decreasing trading volume, which might mean that sellers are starting to lose strength.

Darkfost explained that this kind of situation can help the price to stabilize; it is usually needed before any real upward movement.

Long-Term Holders Accumulate Despite Unrealised Losses

Another CryptoQuant analyst, Carmelo Alemán, said that people who hold Ethereum for the long term are still continuing to buy more, even though most of them haven’t made a profit yet.

The wallets that keep on accumulating ETH have raised their holdings, increasing from 15.5 million ETH to 19 million ETH.

The average price paid by these wallets for ETH is now higher than the current Ethereum price. Still, they are continuing to buy, showing how they strongly believe in Ethereum’s long-term value.

Conclusion

Even with a weak price and global concerns like fear of trade tension, Ethereum is showing signs of strength at $1,770. Long-term holders are still actively accumulating, and key indicators like the MVRV Z-score, lower exchange reserves, and shrinking spot volume suggest that the price might possibly increase. The Ethereum price is currently watched by major investors.

FAQs

1. What is the current price of Ethereum according to CoinMarketCap?

The current market price of Ethereum is roughly $1,841.49.

2. What market insights were shared by Coinvo?

Coinvo recently shared market insights, saying that the Ethereum price is undervalued.

3. How much has Ethereum dropped from its all-time high?

Ethereum price suffered a roughly 63.6% drop from its all-time high of $4,107 in December 2024.

4. What does Coinvo’s analysis say about Ethereum’s price?

Coinvo believes Ethereum is a good buy at its current price.

5. What does the accumulation of data show?

More people are holding Ethereum, which shows confidence in its long-term value.

Glossary

MVRV: A tool to assess if a cryptocurrency is undervalued or overvalued.
Green Zone: A price range indicating a market low, often followed by a price rise.
Accumulation: When investors buy and hold a cryptocurrency.
Spot Trading Volume: The real-time amount of a cryptocurrency being traded.