Ethereum Whales Accumulate Aggressively as ETH Price Rises to $2.4K
Ethereum Ethereum Whales Accumulate Aggressively as ETH Price Rises to $2.4K Ethereum accumulation addresses witnessed a surge in daily inflows on Wednesday, suggesting growing confidence in Ethers () long-term price trajectory following its latest rise to $2,400. Key takeaways:Accumulation addresses absorbed about $592 million in ETH on Wednesday, signalling aggressive long-term buying.Ethers ascending triangle projects an ETH price rally to $3,315. Ethereum accumulators add $592 million in ETH Ethers investor confidence has returned following its 39% recovery from a multi-year low below $1,750. Data from CryptoQuant daily inflows into accumulation addresses have increased steadily since mid-2025, reaching an all-time high of 1.14 million ETH in November 2025. The inflows have continued to climb in 2026, averaging 200,000 ETH per day. These addresses received 246,620 ETH on Tuesday, worth approximately $592 million at current rates. Accumulation addresses are wallets that continuously receive ETH without making any outgoing transactions. They may belong to long-term holders, institutional investors, or entities strategically accumulating Ethereum rather than actively trading it. As a result, the total ETH held by these long-term holders , marking a 20.36% jump so far in 2026. Large spikes in inflows to these addresses often signal strong confidence in Ethers long-term potential, with past trends showing that such surges frequently precede price