Tap to Trade in Gate Square, Win up to 50 GT & Merch!
Click the trading widget in Gate Square content, complete a transaction, and take home 50 GT, Position Experience Vouchers, or exclusive Spring Festival merchandise.
Click the registration link to join
https://www.gate.com/questionnaire/7401
Enter Gate Square daily and click any trading pair or trading card within the content to complete a transaction. The top 10 users by trading volume will win GT, Gate merchandise boxes, position experience vouchers, and more.
The top prize: 50 GT.
![Spring Festival merchandise](https://exampl
Let's take a look at the two key data points for $ETH currently.
The realized price of ETH accumulated addresses is continuously rising and is almost close to the current price. This indicates that it's not being distributed, but rather that the chips are still being slowly absorbed, meaning the underlying is continuously accumulating positions.
The number of queued ETH staking is 2.81 million, not far from 3 million, and the queue time is 48 days.
There are only 800 ETH withdrawal requests waiting for 20 minutes to be processed, almost clearing out!
So, after looking at these two key data points, many people are confused: why isn't the ETH price rising? The reason is simple: ETH is still in the institutional accumulation phase. Institutional accumulation doesn't happen as a one-time purchase like retail investors; instead, it involves building positions in batches, usually over a period of at least six months.
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