Since Friday, Ethereum accumulation addresses have seen a keen boost in daily inflows, suggesting growing confidence in the long-term price trajectory of Ethereum (ETH) despite its recent dip below $2,000.

Key takeaways:

• The drop in the price of Ether below $2,000 resulted in 58% of addresses suffering unrealized losses.

• Accumulation addresses consumed approximately $2.6 billion in ETH in five days.

• Key Ether levels to watch below $2,000 include $1,800, $1,500, $1,200 and potentially $1,000-$750 in extreme scenarios.

58% of Ether addresses are now in red

Ether’s 38% decline over the past month has pushed it below key support levels, including the average entry price of accumulator addresses, the Ethereum ETF spot investor cost base, and the psychological level at $2,000.

The ETH/USD pair is currently trading 60.5% below its all-time high of $4,950, leaving a significant portion of its holders underwater. This includes BitMine, the world’s largest Ethereum vault linked to investor Tom Lee, which has seen paper losses of more than $8 billion.

Related: Enormous demand zone below the ETH price of 2k. dollars gives a signal where Ether may be heading

With Wednesday’s ETH trading at $1,954, only 41.5% of Ethereum addresses are making gains while over 58% are in the red.

The current market price for ether is also below the average cost of accumulation addresses, which is currently $2,580, suggesting that long-term bondholders are increasingly burdened.

ETF investors are also feeling the pressure. James Seyffart, senior ETF analyst at Bloomberg, highlighted that Ethereum ETF holders are currently in a worse situation than their Bitcoin counterparts.

With ETH hovering below $2,000, the altcoin is trading well below the estimated average ETF cost of around $3,500.

Ether accumulation consumes 1.3 million ETH over five days

Despite the keen deterioration of the economic situation, investor confidence has not been completely weakened. Data from CryptoQuant showed Ethereum accumulation addresses received 1.3 million Ether worth approximately $2.6 billion at current rates.

Full-scale ETH “accumulation” began in June 2025 and is “progressing even more aggressively,” CryptoQuant analyst CW8900 he said Wednesday’s Quicktake analysis added:

“The current price is likely to be attractive to $ETH whales.”

As a result, the total ETH held by these long-term holders reached a record amount of 27 million. This represents a 20.36% boost so far in 2026, despite a 34.5% drop in the ETH price over the same period.

Accumulator addresses are wallets that continuously receive ETH without making any outgoing transactions. They may belong to long-term holders, institutional investors, or those strategically hoarding Ether rather than actively trading.

Enormous spikes in inflows to these addresses often signal high confidence in Ether’s long-term potential, with past trends showing that such spikes often precede price increases.

For example, on June 22, 2025, Ethereum accumulation addresses saw the then-highest daily inflow of over 380,000 ETH. Almost 30 days later, the price of ETH increased by almost 85%. The 25% price boost followed a surge of funds into accumulation addresses in November 2025.

Key ETH price levels to watch below $2,000

The ETH/USD pair extended its losses below $2,000, a key support level that bulls must break to prevent further declines.

“$ETH failed to stay above $2,000 and is currently falling,” cryptocurrency analyst Ted Pillows he said on Wednesday in post X, adding:

“The next key level is around the $1,800-$1,850 level if Ethereum does not regain the $2,000 level soon.”

Fellow Crypto analyst Thanos shares similar views, fluent followers to “get ready” for an ETH price of $1,500 if $2,000 is not recovered by the end of the week.

Zooming out, LadyTraderRa he said Ether “definitely intends” to retest the $750-$1,000 zone based on past price action on the monthly candlestick chart.

Glassnode’s (URPD) realized UTXO price breakdown, which shows the average prices at which ETH holders purchased their coins, shows that below $2,000, the key support levels for ETH are $1,880, $1,580 and $1,230.

As reported by Cointelegraph, the ETH/USD pair could fall to $1,750 and then $1,530 if it fails to stay above $2,100.