A striking surge has been recorded in daily inflows to Ethereum accumulation addresses. On Wednesday, nearly $592 million worth of ETH was added to these wallets, signaling strengthened long-term confidence in Ethereum’s prospects. The substantial inflow, seen over recent days, suggests that both retail and institutional investors are becoming increasingly bullish about Ether’s future price direction.
Accumulation wallets see rapid growth
Accumulation addresses are wallets known for consistently amassing ETH without making withdrawals. These are often used by long-term holders, institutional buyers, or those strategically building Ethereum positions. From the middle of 2025 onward, ETH inflows to such addresses accelerated, reaching record highs. In November 2025, daily deposits hit a historic peak at 1.14 million ETH. In the first months of 2026, the daily average stood at around 200,000 ETH funneled into these wallets.
Most recently, 246,620 ETH was moved to accumulation addresses in a single day on Tuesday, with a market value of $592 million. According to CryptoAppsy data, Ethereum traded around $2,400 during this time, drawing attention as investors watched price movements closely.
Whales drive new accumulation wave
Large holders, commonly known as “whales,” have also ramped up ETH accumulation during the same period. Over the past 30 days, wallets holding between 10,000 and 100,000 ETH raised their total balance to more than 19.5 million—an all-time high. Meanwhile, wallets holding over 100,000 ETH expanded their holdings to 4.7 million, representing a 30% increase in this segment throughout 2026.
Analysts have pointed out that this new accumulation phase among whales has had a significant positive effect on market sentiment. Since April, spot market trading volume for Ethereum has increased, and combined with growing buyer conviction, this has exerted upward pressure on prices.
Technical outlook and price targets
Following a dip below $1,750, Ethereum experienced a strong rebound of about 39 percent, restoring investor confidence. Technically, an ascending triangle pattern has formed in the ETH/USD pair. If the price can break past the upper limit at $2,400, analysts are eyeing $3,315 as the next major target.
Past instances also show that major moves by big investors have influenced price rallies. For example, on June 22, 2025, a single-day inflow of 380,000 ETH into accumulation addresses was followed by a price surge of more than 85% about a month later. A similar trend occurred in November 2025, setting stage for another strong rally.
Crypto analyst CW8900 commented that if ETH rises above $2,500, the price is expected to climb steadily toward $3,000, emphasizing that a break above the $2,400 range could ignite a new upward trend.
Technical charts indicate that if ETH closes above the 200-day exponential moving average at $2,700, the price could continue its ascent towards the triangle formation’s projected target of $3,315, representing a possible gain of almost 40% overall.
From a technical perspective, analysts say that holding above the $2,600–$2,700 region could open the door for ETH/USD to test $3,000 and above. Should these levels be surpassed, a rally toward $3,500 could follow, according to market observers.
For further detailed analysis, see the original article titled “Ethereum investors set new accumulation record in 2026 with 25 million ETH.” This report first appeared on COINTURK.
