U.Today - Ethereum's long-term holders have overtaken Bitcoin's, marking only the second occurrence of such an event. The value's growth confirms a relevant market thesis: Ethereum is still in the accumulation mode, despite the relatively weak market performance.

The "Hodler Ratio" chart indicates that the percentage of Ethereum holders committed to holding their assets for the long term has seen a steady increase, now surpassing that of Bitcoin. This metric is crucial as it demonstrates the trust that investors place in the network's future.

Ethereum's ability to surpass Bitcoin in the percentage of long-term holders can be attributed to several factors. The continuous development of the Ethereum network, including the new road map and the growing ecosystem on Layer 2 networks, boosted investor confidence. Furthermore, the majority of investors believe that Ethereum is still lagging behind and has not yet shown its true market potential.