Small Ethereum investors increase exposure as ETH loses $4K level

Small Ethereum investors increase exposure as ETH loses $4K level

Ethereum\’s native token Ether (ETH) has dropped by over 18% after establishing an all-time high around $4,867 on Nov. 10, now trading near $3,900. Nonetheless, the plunge has not deterred retail investors from buying the token in small quantities.

According to data gathered by Glassnode — a blockchain analytics platform, the number of Ether addresses holding less than or equal to 0.01 ETH reached a record high level of 19.95 million on Dec. 4, the day ETH dropped to as low as $3,575 (data from Coinbase (NASDAQ:COIN)).

Ethereum addresses with balances less than or equal to 0.01. Source: Glassnode
Ethereum addresses with balances less than or equal to 1 ETH. Source: Glassnode
ETH/USD daily price chart featuring Support Confluence. Source: TradingView
Ethereum addresses with balances less than or equal to 1,000 ETH. Source: Glassnode
Ethereum balance on all exchanges versus ETH price. Source: Glassnode
Total capital locked across the Ethereum ecosystem. Source: Defi Llama

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