Burakkesmeci, a CryptoQuant contributor, wrote: "As of October 18, 2024, the number of Ethereum accumulation addresses holding ETH exceeded 19 million. By January 2024, there were only 11.5 million ETH in these addresses. Now it has almost doubled, and I believe the total will exceed 20 million by the end of the year. What is the reason for these addresses to accumulate? In early 2024, the Ethereum spot ETF was officially approved, marking the arrival of a new era. Regulation has boosted confidence and made Ethereum mainstream. It is no longer just the patent of technology enthusiasts-institutions and individuals alike see it as a key part of future finance. I expect these addresses to hold more than 20 million ETH by the end of this year. At that time, the price of Ethereum will be about $4,000, and the total value will exceed $80 billion, which is comparable to the market value of some of the world's largest companies."