The number of long-term Ethereum holders hits a new high

Ethereum's HODL Waves chart shows a significant concentration of Ethereum held for 1 to 3 years, indicating that a large amount of Ethereum acquired during 2021-2022 is still being held. The 1-2 year and 2-3 year intervals reflect these holdings, which account for a large portion of the total supply. This holding pattern indicates that investors are confident in Ethereum's long-term value, with a considerable portion choosing to hold onto their Ethereum rather than sell due to market fluctuations, while the proportion of Ethereum held for less than six months has decreased.

In addition, the proportion of Ethereum held for over 7 years has increased, indicating the steadfast belief of long-term holders in Ethereum's underlying value and future growth potential.