Ether In Accumulation Wallets Jumps 30%: Watch These ETH Price Levels Next

Despite Ether (ETH) trading about 30% below its yearly open amid macroeconomic uncertainty, network usage and inflows into accumulation addresses suggest potential for a price break above $2,200 resistance. ETH held in accumulation wallets—addresses with no selling history—increased by 32% since January 1st, reaching 26.55 million ETH, reflecting strong long-term confidence. This accumulation trend is supported by record high staked ETH supply (37.85 million, over 30% of total supply) and falling exchange balances, tightening liquidity. Analysts note that increased daily active addresses following recent price drops indicate active accumulation, similar to patterns preceding past rallies. For bulls, reclaiming the $2,100-$2,200 resistance zone is crucial, as breaking this level historically led to significant price rallies. Key downside support levels to watch are between $1,750 and $1,850.

(Source：Cointelegraph)