Ethereum Shatters Critical Resistance as Top Holders Start Accumulating

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Ethereum has seen some incredibly strong price action throughout the past few days and weeks, with buyers taking full control of its price action as they hold it above $500 for an extended period of time. While speaking about this trend, one analytics firm explained that ETH’s top-10 wallets have been rapidly increasing their positions in the cryptocurrency.

Ethereum Rallies Past $500 as Sellers Disappear At the time of writing, Ethereum is trading up nearly 8% at its current price of $507, which marks a massive rise from its recent lows of $470 set around this time yesterday. Top ETH Holders Start Increasing Their ETH Exposure One trend that undeniably favors bulls is that the top-10 Ethereum holders have all been rapidly moving to increase their cryptocurrency exposure.

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