Ethereum Holders Ramp Up Accumulation as ETH Falls Below $2,000

Ethereum accumulation addresses have seen a significant increase in inflows over the past week, even as ETH’s price dropped below $2,000. Data from CryptoQuant shows that 1.3 million ETH, valued at approximately $2.6 billion, flowed into wallets that continuously accumulate Ether without outgoing transactions. These addresses now hold a record 27 million ETH, up 20.36% in 2026 despite a 34.5% price decline.

Currently, 58% of Ethereum addresses are underwater, with the ETH/USD pair trading around $1,954, well below the average cost basis of accumulation addresses at $2,580. ETF investors are also facing pressure, as Ethereum ETF holdings remain significantly below the estimated average entry price of $3,500.

Key Support Levels and Market Outlook

Analysts are highlighting critical support zones below $2,000, including $1,880, $1,580, $1,230, and in extreme scenarios, $750–$1,000. Historically, spikes in accumulation address inflows have preceded strong price rallies; for instance, June 2025’s record inflow of 380,000 ETH was followed by an 85% gain in Ether prices within a month.

Despite the recent downturn, the surge in ETH accumulation suggests that investors—both long-term holders and whales—remain confident in Ether’s future upside, viewing current prices as a buying opportunity.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.