Ethereum (ETH) Price: Strong On-Chain Signals Emerge as Whales Accumulate and Staking Reaches New Heights

Key Takeaways

• Accumulation wallets now hold 6.5 million more ETH than in January, representing a 32% increase
• Total staked ETH reached an unprecedented 37.85 million, accounting for over 30% of circulating supply
• Major whale address deployed $152.81 million into ETH purchases during a three-day window
• Spot Ethereum ETFs in the United States saw $185.4 million in consecutive net inflows over three sessions
• Breaking above $2,200 resistance could trigger a rally toward $2,600 and beyond

Ethereum currently trades in the $2,078–$2,090 range, representing a roughly 30% decline from its yearly opening price of $2,990. The current trading zone sits immediately beneath a critical resistance area spanning $2,100 to $2,200 that has prevented upward momentum throughout the past month.

While price action appears bearish on the surface, blockchain metrics reveal a contrasting narrative beneath.

ETH balance in accumulation wallets — defined as addresses with zero selling history — has surged from 20.1 million to 26.55 million ETH since the start of January. This represents an addition of 6.5 million ETH, marking a 32% expansion.

Daily additions to these non-selling addresses peaked at 1.14 million ETH in November 2025. Throughout 2026, the average daily inflow has maintained at 200,000 ETH, with Thursday witnessing a notable surge exceeding 350,000 ETH.

Staking Milestone and Large-Scale Accumulation

The amount of staked ETH hit an unprecedented peak of 37.85 million this week. This milestone represents more than 30% of Ethereum’s total circulating supply. Increasing staked supply withdraws tokens from active circulation and demonstrates conviction in long-term holding strategies.

ETH balances on centralized exchanges dropped to a multi-year bottom of 3.46 million, creating additional pressure on available liquidity.

A substantial wallet address, labeled “0x8E3” on Arkham’s blockchain tracking platform, accumulated roughly $152.81 million worth of ETH during a three-day period. The entity controlling this wallet remains unidentified. Possibilities include a high-net-worth individual, institutional trading desk, or corporate treasury.

Large holder addresses controlling between 10,000 and 100,000 ETH increased their collective holdings by 540,000 ETH throughout the previous five trading sessions, based on CryptoQuant’s tracking data.

Spot Ethereum ETFs in the United States registered $185.4 million in cumulative net inflows spanning three consecutive trading days from Tuesday through Thursday, according to SoSoValue metrics. The ETH Coinbase Premium Index simultaneously climbed to levels not observed since early December.

Critical Resistance and Support Zones

Ethereum’s open interest expanded to 13.67 million ETH on Friday, marking the highest reading since January 30. Funding rates have oscillated between positive and negative territory throughout this timeframe.

ETH momentarily pushed above $2,166 before encountering rejection at the 50-day exponential moving average. Bulls must decisively breach that barrier and subsequently target $2,370, with $2,750 as the next objective.

Trading analyst Daan Crypto Trades highlighted that the $2,100–$2,200 zone has functioned as a pivotal price region throughout the past two years. When ETH successfully reclaimed this territory in May 2025, it surged 24% within a week. The June 2025 breakout catalyzed a massive 126% rally culminating at $4,950.

On the bearish side, the $1,750–$1,850 range represents crucial support that must hold. A decisive breakdown below this zone could potentially drive ETH toward $1,000, based on technical analyst projections. The Relative Strength Index currently registers at 52 with an ascending Stochastic Oscillator positioned in the mid-60s.

Daily active addresses climbed to 1.1 million during February, the highest reading since December 2022, featuring a dramatic 7-day surge of 80% to reach 672,170.

The post Ethereum (ETH) Price: Strong On-Chain Signals Emerge as Whales Accumulate and Staking Reaches New Heights appeared first on Blockonomi.