ETH price has had a major comeback this year, soaring from a low of $1,384 in April to a high of $4,945 in August. This rebound has generated substantial returns for many individuals and companies. This article looks at the Ethereum rich list as the price prepares to surge.
ETH Price Technical Analysis Points to a Rebound
The daily timeframe chart shows that the Ethereum price surged to a record high in August. As this happened, the coin managed to move above the important resistance level at $4,100, the highest level in November last year.
Ethereum then retested that price, confirming a break-and-retest pattern, which often leads to a continuation of an asset.
ETH price has formed a bullish pennant pattern, which is made up of a vertical line resembling a flag pole and a symmetrical triangle pattern. This pattern also leads to a strong bullish breakout over time.
ETH price remains above the Ichimoku Kinko Hyo cloud and the short and long-term moving averages, a sign that bulls are in control. Therefore, the coin will likely have a strong bullish breakout, potentially to the psychological level at $5,000, followed by $6,000.
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A drop below the key support level at $4,105 will invalidate the bullish Ethereum price forecast.
Ethereum Rich List
The potential ETH price rebound will benefit all investors, many of whom have seen it surge from below $10 a few years ago to $4,600 today.
The biggest Ethereum holder is the Beacon Deposit Contract, which holds 66.6 million tokens worth over $303 billion or 56% of the total supply. This account does not belong to an individual. Instead, it allows users to deposit ETH to participate in staking.
The other big Ethereum holder is Wrapped Ether, which holds over 2.3 million coins. Exchanges like Binance, Robinhood, Upbit, and Bitfinex are the other top holders.
Vitalik Buterin, an Ethereum founder, is one of the top players in the rich list, holding about 244k coins worth over $1.2 billion. Rain Lohmus, an Estonian banker, holds 250k coins, which he cannot access until he finds his keys.
The other top people in the Ethereum rich list are the Winklevoss Twins, who hold about 200k coins valued at over $920 million. Joseph Lubin and Anthony Di Lorio also have substantial Ethereum holdings.
Ethereum Treasury companies have also become some of the top holders of Ethereum. Tom Lee’s BitMine Immersion is the biggest player in the industry with over 1.7 million coins valued at over $7.3 billion. It is unclear what Lee’s stake in the company is.
SharpLink Gaming is another part of the Ethereum rich list as it holds 794,704 coins worth over $3.4 billion. The Ether Machine holds coins worth over $1.48 billion.
Meanwhile, spot Ethereum ETFs hold coins worth over $27 billion, with BlackRock, Grayscale, Fidelity, and Bitwise being the biggest holders of these coins.
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