Ethereum's Price Surge Driven by Robust Accumulation

Ethereum's price continues its upward trend, with accumulation addresses playing a significant role in driving this growth. According to data from CryptoQuant, these wallets have absorbed about 246,620 ETH in a single daily reading, worth roughly $592 million at prevailing prices.

This activity aligns with Ethereum's rebound from mid-2025 lows and its continued climb through 2026. During this period, long-term holders collectively expanded their stake to a record level, while large holders stepped up accumulation.

The total ETH held by long-term holders has surged to 25 million, marking a 20.36% increase so far in 2026. This trend is being driven by sustained inflows into these wallets, which have supported a broader narrative that seasoned investors are eyeing Ethereum as a structural position rather than a short-term trading vehicle.