Ethereum miners are hoarding ETH as prices rise

The Ethereum miners’ balance has grown to the highest level, according to data from analytics platform Santiment. The balance is now worth $1.85 billion when converted to USD as miners remain reluctant to sell their Ethereum holdings.

Amount of ETH held by miners reached its highest level since 2016. Source: Santiment

The firm stated that the 532,750 ETH is the largest balance held by miners since the network was launched five years ago. The amount equates to around 0.45% of the total circulating supply of Ethereum which is currently 117.8 million ETH.

Miners typically sell the asset on a regular basis to offset expenditures such as electricity and hardware. Miners’ hesitation to sell could indicate that they are waiting for more price hikes.

ETHEREUM price showed a strong surge after a breakout above the upper limit of the descending channel on October 1. Buyers managed to break above local resistance at $3340.00 which coincides with 61.8% Fibonacci retracement of the downward correction launched in mid-May. Currently price approaches major resistance at $3700.00. Should break higher occur, upward move may accelerate towards $4020 where September highs are located. Source: xStation5

27 August 2026, 2:13 PM

Market Wrap: Defence bucks declines in Europe. Dollar stabilises before Jackson Hole (27.08.2026)

26 August 2026, 2:18 PM

Crypto news: Will the Bitcoin bull market make a lasting comeback?

25 August 2026, 6:59 PM

Daily Summary: Wall Street catches breath on lower yields and oil; crypto and FX volatility drops (25.08.2026)

25 August 2026, 6:31 AM

Morning Wrap: Strong Crypto, Weaker Nasdaq and Another Chapter in the US–Canada Trade War

Crypto

Prefer XTB on Google

Cookie name	Description
SERVERID
userBranchSymbol	Expiration date 1 day
test_cookie	Expiration date 1 hour
adobe_unique_id	Expiration date 364 days
__hssc	Expiration date 1 hour
SESSID	Expiration date 1 day
__cf_bm	Expiration date 1 hour
intercom-id-iojaybix	Expiration date 270 days
intercom-session-iojaybix	Expiration date 6 days
xtbCookiesSettings	Expiration date 364 days
TS5b68a4e1027
countryIsoCode
xtbLanguageSettings	Expiration date 364 days
userPreviousBranchSymbol	Expiration date 364 days
intercom-device-id-iojaybix	Expiration date 270 days
__cfruid
_cfuvid

Cookie name	Description
_gid	Expiration date 1 day
_gat_UA-98728395-1	Expiration date 1 hour
_gat_UA-121192761-1	Expiration date 1 hour
_gcl_au	Expiration date 89 days
_ga_CBPL72L2EC	Expiration date 729 days
_ga	Expiration date 729 days
__hstc	Expiration date 179 days
__hssrc
_vwo_uuid_v2	Expiration date 365 days
_ga_TC79BEJ20L	Expiration date 729 days
_vwo_uuid	Expiration date 365 days
_vwo_ds	Expiration date 29 days
_vwo_sn	Expiration date 1 hour
_vis_opt_s	Expiration date 99 days
_vis_opt_test_cookie
af_id	Expiration date 394 days
afUserId	Expiration date 730 days
AF_SYNC	Expiration date 6 days
AnalyticsSyncHistory	Expiration date 29 days

Cookie name	Description
MUID	Expiration date 389 days
_omappvp	Expiration date 3998 days
_omappvs	Expiration date 1 hour
_uetsid	Expiration date 1 day
_uetvid	Expiration date 389 days
_fbp	Expiration date 89 days
fr	Expiration date 89 days
_ttp	Expiration date 89 days
_tt_enable_cookie	Expiration date 89 days
hubspotutk	Expiration date 179 days
IDE	Expiration date 389 days
YSC
VISITOR_INFO1_LIVE	Expiration date 179 days
li_sugr	Expiration date 89 days
guest_id_marketing	Expiration date 729 days
guest_id_ads	Expiration date 729 days
guest_id	Expiration date 729 days
muc_ads	Expiration date 729 days
VISITOR_PRIVACY_METADATA	Expiration date 179 days
MSPTC	Expiration date 389 days

Cookie name	Description
bcookie	Expiration date 364 days
lidc	Expiration date 1 day
UserMatchHistory	Expiration date 29 days
bscookie	Expiration date 364 days
li_gc	Expiration date 179 days
personalization_id	Expiration date 729 days