Ethereum Wallet Accumulation Sees 30% Increase: Implications for ETH Price

Ether’s path towards recovery appears more promising as the balances in Ethereum accumulation wallets and the staked supply show a continuous increase.

Ether (ETH) is currently trading about 30% below its yearly opening price of $2,990 as investors become increasingly cautious amid global conflicts and economic uncertainties. Nevertheless, enhanced network activity and growing deposits into ETH accumulation wallets might ignite a price surge, breaking the $2,200 resistance.

Key Insights:

The ETH held in accumulation wallets has shown a 32% increase since January, reflecting strong long-term confidence.
Staked ETH has reached a record 37.85 million, representing over 30% of the entire supply.
Analysts suggest Ether bulls need to firmly reclaim $2,200 as a support level.

6.5 Million ETH Surge in Accumulation Wallets

Despite the decline in Ether’s price in 2026, network engagement has surged, with daily active wallets rising to 1.1 million in February, a peak not seen since December 2022. The number of daily active addresses jumped by 80% to 672,170 from 370,390 in just a week.

“The rise in ETH active addresses signifies bullish market trends,” noted CryptoQuant analyst CW8900. This increase was most pronounced following Ether’s dip below $2,000, highlighting robust accumulation activity.

Ethereum Daily Active Addresses Ethereum daily active addresses. Source: CryptoQuant

Since mid-2025, daily inflows into these accumulation addresses have escalated, peaking at an unprecedented 1.14 million ETH in November 2025. This growing trend has persisted into 2026, with an average of 200,000 ETH inflows per day, even exceeding 350,000 ETH on one memorable Thursday.

The total ETH held in accumulation wallets, denoting holders with no selling history, rose by 6.5 million to 26.55 million from 20.1 million as of January 1, marking a 32% increase.

ETH Inflows into Accumulation Addresses ETH inflows into and balance in accumulation addresses. Source: CryptoQuant

Additionally, the combined value of staked ETH has also amped up the positive sentiment, reaching an all-time high of 37.85 million this week. This indicates growing investor confidence and constriction of liquid supply.

Staked ETH Supply Staked ETH supply. Source: Dune

A larger volume of staked ETH signals that numerous investors are positioning themselves for the long haul.

Cointelegraph recently reported that Ether held on exchanges plummeted to a new multi-year low of 3.46 million ETH, further limiting available liquidity.

Ether Price Needs to Surpass $2,200

Analytics from TradingView reveals that ETH is striving to breach the $2,100-$2,200 resistance level that has hindered its price gains over the past month.

“This zone has been a crucial price point during recent price movements for Ethereum,” remarked analyst Daan Crypto Trades recently. The last reclaim of this level by the ETH/USD pair was in May 2025, followed by a swift rally of 24%, and in June 2025, it catalyzed a substantial 126% ETH price surge leading to the all-time high of $4,950 in August 2025.

ETH/USD Daily Chart ETH/USD daily chart. Source: Cointelegraph/TradingView

A significant area to monitor below is the $1,750-$1,850 range, which if breached could prolong the downturn to $1,000.

“I anticipate that once this range breaks, we will witness substantial movement in either direction,” added Daan Crypto Trades.

This support area corresponds with an ascending trend line observed since 2022 on the weekly chart, contributing stability to Ether’s price.

Technical analyst Prof indicated that maintaining this support could trigger a reevaluation of the 21-week exponential moving average at $2,700, which is 22% above the current price.

ETH/USD Weekly Chart ETH/USD weekly chart. Source: X/Prof

In a market report, Cointelegraph noted that a decisive breach above the $2,100 resistance, combined with the 50-day EMA at $2,200, would position bulls to target $2,600 next.

This article does not provide investment advice or recommendations. Every investment carries risk, and it is crucial for readers to conduct their own research before making decisions. While we strive to deliver timely information, Cointelegraph cannot guarantee the precision, completeness, or trustworthiness of any information in this piece. Forward-looking statements contained herein are subject to uncertainties and risks.