In a market where uncertainty appears to reign, long-term investors (or holders) of Ethereum’s cryptocurrency, Ether (ETH), have adopted a resistance stance that distinguishes them: the “diamond hand” stance.
This expression describes people who maintain their assets after an unwavering conviction without selling despite price drops or uncertainties.
On December 16th, 2024, cryptocurrencies reached a circulation of up to $4,107. but, Happiness gave way to a sustained correction that led to the price at $1,866 on March 10th 2025.
At the time, cumulative addresses – constantly receiving without selling – entered the realm of unrealized losses. In a cryptographic report, analysts at Carmelo Aleman detailed the price of these addresses at $2,026, indicating a significant gap with the market value.
Prices made reflect the average value obtained by these addresses that the currency was acquired, representing the base cost and serve as an indicator of financial position compared to current prices.
In the following graph, we can see trends in ETH prices (white lines) compared to prices (blue lines) highlighting the gaps for March 2025.
These cumulative addresses, usually belonging to long-term holders (those maintaining ETH for more than 155 days), show significant resilience.
Instead of selling before bearish pressure, they adjusted the price they earned on May 3 to $1,980. This has been down 2.32% since March. Additionally, they increased their exposure to assets: On March 10th they owned 15,5356 million ETH, and on May 3rd this figure rose to 19,0378 millionan increase of 22.54%.
The graph below shows how despite the decline in ether prices (grey lines) Cumulative addresses not only avoid sales, but also increased participation (Blue line). This constant accumulation strengthens the papers of structural trust by long-term holders, even at moments of bear pressure.
According to Germany, the action reflects Ethereum’s “strong belief in assets, projects and ecosystems.”
Pin, Lighthouse of Hope for Ethereum
Investor optimism appears to be based on the Pectra update launched on May 7, 2025 in the main network.
This update, reported by Cryptootics, includes 11 suggestions for improving Ethereum (EIP), designed to optimize scalability, efficiency and staking. Among them, two proposals produced specific enthusiasm: EIP-7702 and EIP-7251.
Written by Ethereum Foundation researcher Jason Chasskin, EIP-7702 promises to revolutionize the interaction between external accounts (EOAs) and intelligent contracts, including “the greatest improvement in user experience in Ethereum history.”
In an exclusive interview with Cryptootics, Chaskin explained it This proposal will facilitate the development of more advanced wallets and simplify network operationsimproving compatibility between different types of accounts. For example, users can create more intuitive transactions, which could attract new participants to the ecosystem.
for that, EIP-7251 Transforms Staking Mechanism By increasing the VALIBATOR limit from 32 to 2,048 ETH. This change will allow for a higher level of ETH to penetrate the total number of active validators.
As a result, Ethereum could be more efficient by reducing the amount of traffic and confirmation between nodes. At congestion moments, this could translate to faster transactions and lower rates, which are key factors in maintaining Ethereum’s competitiveness against other networks.
ETFs and Staking: The Potential Impulse of Ethereum
Another element It’s an ETF from Ether al Cash, which is cited in the US, giving investors’ expectations.
These devices currently do not provide staking exposure, but it is possible that the Bags and the Securities Commission (SEC) can gain traction.
Fund managers such as Fidelity and 21Shares have proposed proposals to integrate staffing into ETFs, which could attract institutional investors.
Trader Mandela Ams commented in March that the consolidation could “be a “significant growth catalyst” for ETH.” It has increased demand and strengthened recognition of Ethereum as an asset with attractive returns.
The discussion with the SEC has progressed in recent weeks, promoting investors’ hopes. However, roads are not exempt from obstaclesbecause approval of these proposals relies on strict regulatory scrutiny.
Voices of the Rebels on the Horizon
Despite major optimism, not everyone shares the same vision for Ethereum’s future. Two major companies specializing in investments and loans supported by digital assets; He announced his decision earlier this month to focus solely on Bitcoin (BTC)..
The company argued that while Ethereum has made significant progress, its market behavior, its value proposition, and community culture do not meet expectations.
Two Prime argues that “ETH and other similar projects will act as speculative technological startups competing for market share without establishing clear and sustainable proposals.”
The company emphasized that its decisions are based on empirical data and prioritize indicators over narratives. This perspective raises an interesting contrast with the sustained accumulation of ETH by long-term holders, suggesting that the Ethereum market could be at a crossroads.
(tagstotranslate) Cryptocurrency
