Ethereum Accumulation Addresses Surge 30%, Can ETH Price Follow?

Increased Ethereum network usage and a sustained influx of ETH into accumulation addresses may be key factors in pushing the price past the $2,200 resistance level. Key Takeaways: * The amount of ETH held in accumulation wallets has increased by 32% since January, indicating strong market confidence in Ethereum's long-term prospects. * The amount of staked ETH has reached a record 37.85 million, accounting for over 30% of the total supply. * Analysts say Ethereum bulls must reclaim the $2,200 support level. **ETH in Accumulation Addresses Increases by 6.5 Million** Despite the decline in Ethereum's price in 2026, network activity has increased. In February, daily active addresses (DAA) reached 1.1 million, the highest level since December 2022. Over the past seven days, DAA jumped 80% from 370,390 to 672,170.

Ethereum daily active addresses. Source: CryptoQuant Similar activity has often been observed near macro bottoms since 2022, foreshadowing a significant increase in ETH price. Furthermore, the daily inflow of ETH into accumulation addresses has steadily increased since mid-2025, reaching a record 1.14 million in November 2025. In 2026, inflows continued to climb, averaging 200,000 ETH per day, and exceeding 350,000 on Thursday. As a result, the amount of ETH held in accumulation wallets (i.e., holders with no selling history) has increased by 6.5 million, from 20.1 million on January 1 to 26.55 million, an increase of 32%. The supply of ETH held in accumulation addresses is an important indicator for traders and market participants, as it reflects overall confidence in Ethereum's long-term prospects.

ETH inflows into and balance in accumulation addresses. Source: CryptoQuant

Staked ETH supply. Source: Dune The growth in staked supply also indicates that a significant portion of investors are prepared to hold their ETH for the long term. **Ethereum Price Needs to Flip $2,200 into Support**

ETH/USD daily chart. Source: Cointelegraph/TradingView Daan Crypto Trades added, "I assume when price breaks either side of that range we'll see big moves." That support area coincides with an ascending trendline that has supported the price on the weekly chart since 2022. Technical analyst Prof said that holding this support would trigger a retest of the 21-week exponential moving average (currently at $2,700), a price 22% higher than the current price.

ETH/USD weekly chart. Source: X/Prof