Here’s Why Ethereum’s Price Keeps Hitting a Wall, According to the Data

Long-term Ethereum holders have increased their positions to a record high of over 22M ETH. However, data shows that price rallies are consistently met with heavy selling pressure. The network’s daily active user base remains stable, showing consistent engagement. On-chain data reveals a fundamental tug-of-war defining the Ethereum market. Even as a core group of long-term investors tightens its grip, accumulating a record amount of ETH, short-term traders appear ready to sell into any significant price rally. This growing concentration of tokens among so-called “strong hands” now stands at 22.8 million ETH, signaling a deep and sustained conviction in the network’s long-term value despite years of price volatility. Ethereum accumulation is heating up 22.8M $ETH now held by strong hands. This shows growing confidence in ETH’s long-term potential. pic.twitter.com/JG1fSvmlB5 — Carl Moon (@TheMoonCarl) June 24, 2025 ‘Strong Hands’ Are Digging In A look back at the historical data shows a clear, multi-year trend of accumulation. Since 2017, the total balance held in these addresses has surged from under 5 million ETH to today’s record levels. T… The post Here’s Why Ethereum’s Price Keeps Hitting a Wall, According to the Data appeared first on Coin Edition .

Source: Coin Edition