30% Surge in Ethereum Accumulation Addresses: Is an ETH Price Rally Coming?
The pathway toward Ether's price recovery appears increasingly promising, particularly as the supply held in Ethereum accumulation addresses and the amount of staked tokens maintain their upward trajectory.
Currently, Ether (ETH) is changing hands approximately 30% beneath its opening price for the year of $2,990, as market participants exhibit heightened risk aversion in response to international conflicts and uncertain macroeconomic conditions.
Nevertheless, enhanced network utilization and accelerating capital flows into ETH accumulation addresses may serve as catalysts that could propel the asset to eventually surpass the $2,200 resistance threshold.
Key takeaways:
- The volume of ETH stored in accumulation wallets has increased 32% since January, demonstrating robust long-term investor conviction.
- The total amount of staked ETH has hit an all-time high of 37.85 million, accounting for more than 30% of the circulating supply.
- Market analysts emphasize that Ether bulls need to convert $2,200 into a support level
6.5M ETH increase in accumulation addresses
Despite Ether experiencing price depreciation throughout 2026, on-chain activity has expanded, with daily active addresses (DAA) climbing to 1.1 million during February, marking the highest reading since December 2022. The DAAs surged by 80% to 672,170 from 370,390 over the preceding seven-day period.
"The increase in ETH active addresses indicates bullish market movements," CryptoQuant analyst CW8900 said in a QuickTake note on Friday.
The visualization presented below demonstrates that network participation grew most dramatically following Ether's latest decline beneath the $2,000 price level.
"This implies that accumulation activity was at its most active," the analyst added.
Comparable patterns of activity have been regularly detected near major market bottoms starting in 2022, typically occurring before substantial ETH price appreciation cycles.
Furthermore, daily capital flows entering accumulation addresses have grown progressively since the middle of 2025, hitting an all-time high of 1.14 million ETH during November 2025. These inflows have maintained their upward momentum throughout 2026, with an average of 200,000 ETH daily, and experiencing a surge exceeding 350,000 tokens on Thursday.
Consequently, the quantity of ETH contained within accumulation wallets, defined as addresses with no historical record of outbound transfers, has grown by 6.5 million to 26.55 million from 20.1 million on Jan. 1, marking a 32% increase.
The portion of ETH supply stored in accumulation addresses serves as a crucial metric for traders and market observers, given that it demonstrates the overall sentiment regarding Ether's long-term prospects.
The aggregate value of ETH committed to staking provides additional confirmation of this positive outlook. The quantity of staked Ether achieved a new record peak of 37.85 million during the current week, reflecting increasing investor conviction and reduced available liquid supply. This figure accounts for more than 30% of the complete ETH supply.
An expanding staked supply additionally suggests that a substantial proportion of market participants are positioning themselves to retain their ETH holdings over extended timeframes.
As previously documented by Cointelegraph, the amount of Ether supply residing on centralized exchanges dropped to a fresh multi-year low of 3.46 million ETH, creating additional constraints on available liquidity within trading order books.
Ether price needs to flip $2,200 into support
Information from TradingView indicates ETH is making efforts to penetrate the $2,100-$2,200 resistance zone that has constrained its valuation throughout the previous month.
"This has been an important price area over the past couple of years of price action for Ethereum," analyst Daan Crypto Trades said in a recent X post.
The previous occasion when the ETH/USD pair successfully recaptured this threshold occurred in May 2025. It subsequently rallied 24% within less than seven days. During June 2025, this level functioned as a launching point for a 126% ETH price surge reaching the existing all-time high of $4,950 attained in August 2025.
An essential zone requiring attention on the bearish side is $1,750-$1,850, which, should it fail to hold, has the potential to prolong the downward trend toward levels as low as $1,000.
"I assume that when this breaks either side of the range, we will see a large move occur," Daan Crypto Trades added.
This support region aligns with an upward-sloping trend line that has maintained the price floor on the weekly timeframe chart dating back to 2022.
Technical analyst Prof indicated that preserving this support level would subsequently initiate a retest of the 21-week exponential moving average positioned at $2,700, representing a 22% gain above the present price.
As documented in previous Cointelegraph coverage, a conclusive breakout above the $2,100 resistance level and the 50-day EMA positioned at $2,200 would position the bulls to aim for $2,600 as their subsequent objective.