Quick Overview
- Accumulation wallet holdings surged 32% year-to-date, adding 6.5 million ETH since early January
- Total staked ETH reached an all-time high of 37.85 million tokens, exceeding 30% of circulating supply
- Major whale address deployed $152.81 million into ETH purchases across a three-day period
- Spot Ethereum ETFs in the United States attracted $185.4 million in consecutive daily inflows
- Breaking and holding $2,200 resistance could trigger a rally toward $2,600 and beyond
Ethereum currently trades in the $2,078–$2,090 range, marking a roughly 30% decline from its year-opening price of $2,990. The asset faces immediate resistance between $2,100 and $2,200, a zone that has rejected upward attempts throughout the past month.
While price action appears subdued, blockchain metrics reveal significant accumulation activity beneath the surface.
Addresses classified as accumulation wallets—those with zero selling history—now hold 26.55 million ETH, up from 20.1 million at the start of January. This represents an increase of 6.5 million tokens, translating to 32% growth.
Peak daily accumulation reached 1.14 million ETH in November 2025. During 2026, average daily additions have maintained a pace of 200,000 ETH, with Thursday seeing a notable surge above 350,000 ETH.
Staking Reaches All-Time High as Whales Accumulate
The total amount of staked Ethereum hit an unprecedented 37.85 million tokens this week. This milestone represents over 30% of ETH’s entire circulating supply. Increased staking activity removes tokens from liquid circulation and demonstrates investor confidence in long-term holding strategies.
Meanwhile, exchange-held ETH dropped to a multi-year low of 3.46 million, further constraining available liquidity on trading platforms.
A substantial wallet address labeled “0x8E3” on Arkham Intelligence acquired approximately $152.81 million worth of ETH during a three-day buying spree. The entity controlling this address remains unidentified and could represent an institutional player, hedge fund, or high-net-worth individual.
Large-holder addresses containing between 10,000 and 100,000 ETH collectively added 540,000 tokens during the most recent five-day trading window, based on CryptoQuant analytics.
U.S.-based spot Ethereum exchange-traded funds registered $185.4 million in combined net inflows over three straight sessions from Tuesday through Thursday, according to SoSoValue tracking. The ETH Coinbase Premium Index simultaneously climbed to levels not seen since early December.
Critical Price Zones for Traders
Ethereum’s open interest expanded to 13.67 million ETH on Friday, marking the highest reading since January 30. Funding rates have fluctuated between positive and negative throughout this timeframe.
ETH temporarily pushed above $2,166 before encountering rejection at the 50-day exponential moving average. Bulls must overcome this barrier and subsequently challenge $2,370, with $2,750 representing the next major upside target.
Market analyst Daan Crypto Trades highlighted that the $2,100–$2,200 range has served as a pivotal price zone throughout the past two years. When ETH successfully reclaimed this area in May 2025, it generated a 24% advance within seven days. The June 2025 breakout sparked an impressive 126% surge to $4,950.
On the bearish side, the $1,750–$1,850 support zone represents critical defense territory. A sustained breakdown below this level could potentially drive ETH toward $1,000, according to technical analyst perspectives. The Relative Strength Index currently registers at 52, while the Stochastic Oscillator trends upward in the mid-60s range.
Daily active addresses climbed to 1.1 million during February, the highest count since December 2022, including a sharp 7-day increase of 80% to 672,170 addresses.
