Ethereum Price Surges Past $2,400 Amid Accumulation and Institutional Support

Ethereum's price has broken through the $2,400 threshold, extending a recovery trend that originated from a low of $1,750. This advance represents approximately a 38% gain from that recent bottom.

According to CryptoQuant data, accumulation addresses have experienced record daily inflows of 1.14 million ETH in November 2025 and maintained an average of 200,000 ETH daily throughout 2026, with a notable surge to 358,000 ETH recorded on Thursday.

The aggregate ETH balance held in accumulation wallets has expanded from 19.64 million to 26.16 million ETH since the beginning of January, representing a substantial 33% increase.