Ethereum accumulation patterns have pointed towards bullish trends.
Whales, as well as small investors, have started to fill up their bags with the altcoin after the crash that brought it down to the $2,100 level.
This time around, it is smallholders going on an accumulation spree as the number of wallets holding at least 1 ETH, not their balance touches a new high.
The latest milestone for the digital asset has come after a disappointing week in the market.
As the number of active investors in the crypto space continues to rise, so has the number of investors who are increasing their holdings over time.
Previously, the number of Ethereum addresses holding at least 1 ETH had reached a new all-time high of 1,407,198.
This had happened in the third week of January. Now, barely a week after that, Ethereum has hit a new milestone with this metric.
On-chain analysis firm Glassnode reported on Wednesday that the network had beaten its previous record.
The new number now sits at 1,407,532 active addresses with at least 1 ETH on their balance.
Glassnode also reported that the number of ETH addresses that are in loss has hit a new 19-month high.
There are now a total of 22,673,372 ETH addresses that have invested in the digital asset that has recorded a loss.