Ether (ETH)’s price rally to $2,400 is almost 38% above the swing low of $1,750, but is the ETH price move simply a momentum trade, or does long-term data suggest a paradigm shift?
ETH accumulation addresses consume 6.5 million Ethers
Ether’s recent price surge was preceded by an 89% escalate in daily energetic addresses (DAA), which rose to 730,278 from 384,763 on April 5.
An escalate in energetic Ethereum addresses indicates increased user interaction with the network, which is generally positive.
The chart below shows that activity increased significantly as the price of ether rose to $2,300.
Similar activity has been consistently observed near macro lows since 2022, preceding significant ETH price increases.
Daily inflows to accumulation addresses have also increased since mid-2025, reaching an all-time high of 1.14 million ETH in November 2025. In 2026, inflows continued to escalate, reaching an average of 200,000 ETH per day, and peaked at over 358,000 on Thursday.
Related: ETH/BTC Ratio Hits 10-Week High as Ether Outperforms Bitcoin: Will There Be Next Price Highs?
The amount of ETH held in accumulator wallets or holders with no sales history increased by 6.5 million to 26.16 million from 19.64 million as of January 1, an escalate of 33%.
The supply of ETH held in accumulation addresses is a key indicator for traders and market participants as it reflects overall confidence in Ether’s long-term prospects.
The total value of ETH staked further strengthens this perspective. The indicator currently stands at 39.2 million ETH, which signals growing investor confidence.
As Cointelegraph reports, the supply of ether on exchanges has fallen to multi-year lows, further tightening order book liquidity.
Ether chart breakout with handle is targeting $3,150
The ETH/USD pair may return to the dominant bullish trend after breaking the cup and handle (C&H) chart pattern as shown in the chart below. A 12-hour candle near the cup neck at $2,400 could signal the beginning of a stronger uptrend.
The target is set by adding the depth of the cup to the breakout point, which is approximately $2,960, an escalate of approximately 22% from the current price.
The Relative Strength Index rose to 68, suggesting that ETH bulls are back in control.
Trader TheSkayeth has noticed a larger C&H pattern forming over the past two months on the daily time frame, saying ETH was “preparing for a massive move.”
“If the cup and handle pattern continues, I think we will hit the gold zone next.”
The measured target of this larger formation is $3,150, which is 30% above the current level.
Using this framework, ETH bulls will need to hold above the $2,350-$2,400 zone to confirm a sustained upside breakout.
As Cointelegraph reported, a close above the $2,400 level would escalate the ETH/USDT pair’s prospects of rising to $2,800 and later to $3,050.
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