Ethereum Whale Accumulation Addresses Surge as Long-Term Holders Boost Exposure

On March 10, on-chain charts shared by Bitcoinsensus showed Ethereum (ETH) balances in accumulation wallets rising sharply after years of steady growth. These long-term holding addresses have been increasing their ETH exposure even as the price trades around $2,018.89, with recent data showing a 0.2% daily dip, 2.6% weekly gain, and 5.2% decline over the past month. Analysts suggest this rapid build-up could signal reduced selling pressure and growing conviction among major investors.