The number of Ethereum addresses holding 10,000 or more ETH has surged to 868,886, marking the highest level in a year, according to Glassnode. This increase indicates a growing accumulation trend among large holders, potentially signaling confidence in Ethereum's long-term value proposition. The rise in large ETH holdings comes amid ongoing developments in the Ethereum ecosystem, including the transition to Ethereum 2.0 and increasing institutional interest.