- Accumulation addresses steadily acquire ETH without selling, signaling strong confidence from long-term holders and institutional investors since June.
- CryptoQuant data shows sustained accumulation growth historically precedes ETH price rallies, suggesting potential upward movement may follow current patterns.
Ethereum currently trades near $2,450. On-chain measurements indicate a specific group of participants is steadily acquiring more ETH. These participants operate “accumulation addresses.” Such addresses receive ETH consistently but rarely send or sell it. They typically represent long-term holders, institutional investors, or entities strategically holding ETH as a reserve asset.
Analysis firm CryptoQuant reports this measurable accumulation activity increased throughout June. Their analysts state:
“During June’s consolidation phase, substantial buying pressure emerged from long-term investors, with accumulation volume displaying a clear divergence.”Â
They further noted: “Something big is coming!” Accompanying charts illustrate ETH’s price movement alongside the count of accumulation addresses between 2023 and 2025. A pattern shows sustained increases in these addresses often precede rises in ETH’s market value.
This accumulation occurs while ETH’s price remains below its all-time high of $4,890. Reaching or exceeding this price point would require an increase of roughly 100% from current levels. Factors driving renewed investor confidence include observable institutional accumulation. Publicly available data indicates corporate entities, private companies, DAOs, foundations, and some government bodies now hold over 1 million ETH collectively.
These entities accumulate ETH partly for the yield potential through staking. The Ethereum network operates using proof-of-stake (PoS). This system allows holders to lock their ETH to earn staking rewards. Furthermore, firms including Fidelity and 21Shares have filed proposals with the U.S. Securities and Exchange Commission (SEC).
These proposals seek to include staking within their planned Ethereum exchange-traded funds (ETFs). Regulatory approval of staking-enabled ETH ETFs could potentially increase institutional demand for the asset. Based on the sustained accumulation behavior, a substantial price rise appears possible.
Ethereum (ETH) is trading at $2,501.19 USDT, showing a marginal +0.04% gain on the day. Weekly performance is strong at +12.28%, indicating momentum recovery after recent correctional lows.
However, ETH still reflects a −1.19% monthly decline and remains −25.06% down year-to-date, consistent with its broader underperformance relative to Bitcoin and Solana.
From a technical standpoint, ETH is currently retesting a critical resistance band between $2,500–$2,525, a zone that has historically flipped between support and rejection. Volume remains elevated (~409K ETH traded today), indicating sustained interest at these levels.Â
If bulls manage to secure a daily close above $2,525, the next extension target lies at $2,700, followed by $2,950. Failure to break through may result in another pullback toward the $2,400 and $2,300 supports. Overall, technical indicators remain in a neutral to bullish state across oscillators and moving averages.
On the fundamental front, Ethereum is experiencing a renewed wave of institutional and strategic developments:
- BitMine, a publicly traded company, is raising $250 million to build an ETH treasury, aiming to become the largest corporate holder of Ethereum. This mimics Bitcoin’s MicroStrategy-style playbook and reflects a vote of confidence in ETH as a long-term digital reserve asset.
- The upcoming launch of the first staked ETH ETF by Rex-Osprey, cleared by the SEC, may provide direct staking exposure to TradFi participants—potentially unlocking significant inflows in Q3.
- ETH flooding Binance, as reported by ETHNews, suggests major players are rotating liquidity or preparing for large spot or derivative positioning.
- Retail and institutional divergence is growing: retail is leaning into BTC, while corporate entities are targeting ETH, hinting at a bifurcation of macro narrative between store-of-value and utility.
- Broader macroeconomic sentiment remains cautious, as whales moved $237M in ETH to exchanges, prompting speculation around potential large-scale exits or strategic redistribution.
Traders are positioning for either a breakout above $2,525, which would open the path to $3,000+ in Q3, or a potential rejection that could result in a retest of the recent local bottom near $2,100.
