Ethereum has seen a decline in price in the last few days. Still, the decline has only encouraged more accumulation from some wallets.
, which has been moving closer to a bear trend over the past few days, has presented a buying opportunity for large investors.addresses revealed a slight increase starting from the end of the previous month. Specifically, wallets holding over 10,000 ETH showed growth beginning around the 19th of May.
The number of wallets holding over 10,000 ETH grew from around 952 to approximately 980 as of this writing.This indicated an increase in accumulation by most of the major wallets, reflecting heightened buying pressure. The analysis indicated that from the 1st of June to now, the negative flow volume was over $354 million, while the positive netflow volume was around $226 million.
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