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Ethereum long-term holders climbed in 2024 as Bitcoin holders fell

Long-term ETH holders have proved they have diamond hands superior to Bitcoiners throughout 2024.

The number of long-term Ether holders steadily increased throughout 2024, while the number of Bitcoin holders fell over the last year amid rising confidence in ETH heading into the new year. 

In a Dec. 30 post to X, citing data from its platform, IntoTheBlock shared that the total percentage of Ether (ETH) who had held their tokens for the long haul had risen from 59% in January to 75% by the end of 2024.

Source: IntoTheBlock

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Ethereum fractal hints at $3.3K as analyst says its ‘go time’ for ETH price

Ethereum’s bullish fractal pattern from 2021 consists of a five-point setup, which ETH is currently mirroring in 2024. 

Ethereum’s (ETH) price action has remained underwhelming recently, with a 9% drawdown in September. ETH’s Q3 is en route to becoming the third-worst period in terms of returns since inception.

Yet, favourable technicals are starting to surface for the altcoin as a bullish fractal is reaching a conclusive state.

From a technical standpoint, a market fractal is a historically repetitive pattern that allows traders to identify trend reversals in the charts. Ethereum is currently painting a bullish fractal setup, initially observed in 2021.

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