Crypto Analytics Firm Confirms Long-Term Holders Double Down on Ethereum

  • A leading crypto analytics firm says long-term holders are buying into Ethereum despite the second-ranked crypto asset’s price struggles.
  • According to IntoTheBlock’s head of research, Lucas Outumuro, more than 50% of all the Ethereum in circulation now belongs to addresses that have been holding ETH for more than one year.
  • Ethereum is trading at $1,731 at time of writing, down more than 11% in the past seven days.