The struggle between bulls and bears in the cryptocurrency sector continues, and Ethereum (ETH) is no exception. The cryptocurrency is trying to surpass the psychologically critical threshold of $1,900. Interestingly, the richest non-exchange holders of Ethereum have been hoarding more of the cryptocurrency, while the top exchange addresses hold the smallest amount since September 2015. The top 10 non-exchange addresses hold 33.47 million ETH, the largest supply held by these wallets of all time. On the other hand, the top 10 exchange addresses hold only 6.78 ETH, which is equal to 9.2% of the total. Despite a decline of 0.98% on the day, Ethereum is still holding moderate weekly gains of 8.41% and a modest increase of 1.41% on its monthly chart. The Ethereum Rainbow chart predicts that the cryptocurrency could surpass the $1,900 mark in the next few months. However, it’s important to note that investing in cryptocurrencies is speculative and carries risks.
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