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. Ethereum (ETH) Price 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. Source: CryptoQuant 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...