Ether Accumulation Wallets Rise 32%; Key Price Levels to Watch

Ether traded about 30% below its yearly open of $2,990 as traders grew risk-averse amid a global conflict and macroeconomic uncertainty. Still, stronger network usage and rising inflows into accumulation addresses could help the price finally break the $2,200 resistance.

ETH held in accumulation wallets has risen 32% since January, increasing by 6.5 million to 26.55 million from 20.1 million on Jan. 1. Daily active addresses climbed to 1.1 million in February, the highest level since December 2022, and jumped 80% to 672,170 from 370,390 in the past seven days — activity that was most pronounced after the recent drop below $2,000.

Staked Ether reached an all-time high of 37.85 million, representing over 30% of the total supply, while exchange-held ETH fell to a multi-year low of 3.46 million. Those trends point to a tighter liquid supply and a larger share of investors preparing to hold for the longer term.

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