Ether tests $2.4K as accumulators add 246K ETH: How high can price go?

Ethereum accumulation addresses witnessed a surge in daily inflows on Wednesday, suggesting growing confidence in Ether’s (ETH) 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.
• Ether’s ascending triangle projects an ETH price rally to $3,315.

Ethereum accumulators add $592 million in ETH

Ether’s investor confidence has returned following its 39% recovery from a multi-year low below $1,750.

Data from CryptoQuant showed 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.

ETH inflows into accumulation addresses. Source: CryptoQuant

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 reached a record 25 million ETH, marking a 20.36% jump so far in 2026. 

Large spikes in inflows to these addresses often signal strong confidence in Ether’s long-term potential, with past trends showing that such surges frequently precede price rallies.

For example, on June 22, 2025, Ethereum accumulation addresses recorded a daily inflow of over 380,000 ETH. Nearly 30 days later, ETH’s price rose by almost 85%. A similar price rally followed November 2025’s inflow spike into the accumulation addresses.

Whale wallets are also showing bullish signals. The chart below shows that whale wallets with a balance of 10,000-100,000 ETH have seen their holdings rise to an all-time high of over 19.5 million tokens, after rapid accumulation over the last 30 days.

Wallets with over 100,000 ETH have also increased their holdings to 4.7 million ETH, a 30% increase in 2026. 

Ethereum: Balance by holder value

As Cointelegraph reported, Ether’s spot taker cumulative volume delta, which has been increasing since early April, also suggested growing confidence among buyers.

How high can the ETH price go?

Ether’s liquidation heatmap shows the price eating away liquidity around $2,400, with large bid orders still sitting at $3,000, and between $3,350 and 3,500.

“If $ETH breaks through $2,500, a steady rise to $3,000 will follow,” crypto analyst CW8900 said in a Wednesday post on X, adding:

“There is almost no resistance for short positions.”

ETH liquidation heatmap. Source: CoinGlass

From a technical perspective, the ETH/USD pair is seeking to break above the horizontal trend line of an ascending triangle at $2,400.

A daily candlestick close above the 200-day exponential moving average at $2,700 will confirm the continuation of the uptrend toward the measured target of the triangle at $3,315. Such a move would bring the total gains to 40%.

ETH/USD daily chart. Source: Cointelegraph/TradingView

Technical analyst XForceGlobal shared a chart suggesting that Ether’s macro bottom could be in, with an Elliott Wave analysis projecting a rally to $3,500 once resistance at $2,600-$2,700 is broken.

ETH/USD daily chart. Source: XForceGlobal

As Cointelegraph reported, a close above the $2,600-$2,700 region would confirm a trend change, paving the way for the ETH/USD pair to rally toward $3,000.

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