Ethereum's Stable Price Reflects Steady Accumulation Among Investors
An analysis of Ethereum's price movements indicates a period of calm accumulation, with significant players showing no urgency to sell despite market fluctuations.
Ethereum’s Stable Price Reflects Steady Accumulation Among Investors
Ethereum’s (ETH) efforts to touch $4,400 during the week faced rejection from bears, leading to a 7% decline in the last 24 hours. However, on-chain data suggests a prevailing calm that hints at steady accumulation rather than panic selling.
Ethereum Holders Hold Firm
A crypto analyst, Teddy, indicates that over 50% of Ethereum’s total circulation (about 120 million ETH) is held by merely ten non-exchange entities, which include custodians and large-scale holders. This allocation signifies that most ETH holders are resilient against routine price volatility and are not in a rush to liquidate.
Long-term investors appear to be comfortably placed, as data reveals that more than 80% of circulating ETH is still in profit. Teddy highlights how the Network Realized Profit/Loss data reflects around 1.7 million ETH in realized losses. Still, the Profit/Loss Ratio maintains between 1.0 and 1.5, showcasing an equilibrium in the movement of coins based on profit and loss. This pattern embodies the innate behavior where weaker hands minimize their exposure while stronger investors quietly absorb available supply.
Recent exchange activities reinforce this narrative, revealing a withdrawal of 174,000 ETH compared to 152,000 deposited in the past month, suggesting a significant reduction in the available tradable Ethereum supply. This trend hints at potential upward pressure should demand escalate.
At the same time, metrics such as mean coin age and Realized Cap HODL Waves indicate that older coins are becoming more active, although this movement is mainly reshuffling between staking and custody rather than indicating selling. Associated metrics show that “old” ETH is on the move, but the absence of a surge in exchange inflows suggests that this reshuffling will not create immediate downward pressures.
Future Price Targets for ETH?
From a technical standpoint, Teddy notes that prevailing price structures could see ETH revisiting the $2,100-$1,800 range if liquidity is sought in the event of macro uncertainties, although this observation should not be misconstrued as a prediction. On-chain indicators continue to reflect a state of calm without major outflow spikes or increased profit-taking.
The current market condition represents a “calm before a storm” scenario, with robust holders maintaining control even as liquidity steadily tightens.
Experts have projected that unexpected catalysts, like ETF flows, could ignite notable price movements, but at present, the environment is characterized by quiet accumulation and structural stability.
Ethereum remains close to $4,100, surpassing its 200-week moving average. Market analysts emphasize favorable flag formations, robust support levels, and growing trading volumes, which may pave the way for the altcoin to reach a valuation of $7,000 by May 2026 if critical thresholds remain intact.
