While small investors continue to pour into Ether, the last active supply of ETH from 7 years ago remains unsold.

Ether Whale Wallet remains inactive

According to Glassnode data aggregator, small-scale investors are actively acquiring the second largest cryptocurrency on the market, Ether, while the last active 7.6 million ETH from 2015-2017 remain unsold.

According to Glassnode, holders of ethereum supply, who last moved their cryptocurrency five and seven years ago, in 2017 and 2015, have reached a new three-month high.

The current supply is 7,666,690.968 ETH ($21,557,791,247).

📈 #Ethernet $ETH 5y-7y last active supply just reached a 3-month high of 7,666,690.968 ETH

View metrics: https://t.co/IEN283QP0E pic.twitter.com/8HecOSXB3G

Small addresses continue to increase their holdings

Although the price of Ether (ETH) has risen more than 20 percent from its Feb. 22 low of $2,300, derivatives data suggests investors remain wary. Ether's price is down 24 percent this year, and key overhead headwinds are still ahead.

High network transaction costs have been the most pressing issue for Ether, and investors are increasingly concerned that this will remain an issue even after the network's long-awaited enhancements are implemented.

ETH/USD is trading at $29,000. Source: TradingView

According to Glassnode, smaller investors have been increasing their Ether holdings in increments of 0.01 ETH, 0.1 ETH, 10 ETH and 32 ETH.

The number of wallets holding these Ether quantities reached a new high – 0.01+ coins – 21,929,193 new high, 0.1+ ETH – 6,960,421 new high, 10 ETH+ – 280,792 coins – one year high. 32 ETH+ – 107,876 ETH+ – one month high.

📈 #Ethernet $ETH The number of addresses holding 32+ coins just reached a 1-month high of 107,876

Previous 1-month high of 107,860 observed on February 23, 2022

Featured image from Pixabay, K-line chart from TradingView.com