Ethereum (ETH) is grasping the attention of market onlookers as the holders express strong conviction. As per the data from the popular CryptoQuant, the $ETH accumulating addresses are continuously following their accumulation strategy irrespective of the ongoing price correction. $ETH is down 45.83% since the beginning of 2025.

$ETH Accumulating Addresses Continue Strategy Irrespective of Price Correction

CryptoQuant has pointed toward the increase in $ETH accumulation without considerable sell-offs. In this respect, the holders have raised their ETH holdings by a notable 22.54% since the start of March 2025. Additionally, since touching its latest cycle high of nearly $4,107, the price of the cryptocurrency has been going through correction. Even then, this enthusiasm indicates the growing investor confidence in the future price trajectory of Ethereum

A notable turning point took place on the 10th of March, when $ETH accumulating addresses reportedly got into the unrealized loss zone. At that time, the price of the top altcoin plunged to the $1,866.7 mark, whereas the realized price in the case of accumulating addresses was hovering around $2,026. Even then, rather than offloading, the $ETH holders kept building their positions to further extent.

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The data discloses that the $ETH accumulating addresses have decreased the realized price thereof to $1,980 on the 3rd of May. This price was formerly standing at $2,026. Hence, this move accounted for a 2.32% decrease in total. In this respect, they have been buying out ETH at significant price discounts, while modifying cost basis. This displays their heightened confidence in Ethereum’s price appreciation.

Showing Deep Conviction in $ETH’s Potential Price Appreciation

Irrespective of the unrealized losses that the ETH accumulating addresses faced, they have increased their holdings to a noteworthy level. As a result of this, on the 10th of March, they accounted for an accumulated 19.0378M $ETH. This underscores a staggering 22.54% growth. Overall, this behavior highlights a significant conviction in the wider Ethereum ecosystem as well as its likely price appreciation.