Thursday, February 12, 2026

Ethereum Whales Accumulate Aggressively as ETH Price Drops Below $2K

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Ethereum accumulation addresses have witnessed a surge in day by day inflows since Friday, suggesting rising confidence in Ether’s (ETH) long-term worth trajectory regardless of its newest drop beneath $2,000.

Key takeaways:

  • Ether’s drop beneath $2,000 has left 58% of addresses with unrealized losses.

  • Accumulation addresses have absorbed about $2.6 billion in ETH over 5 days.

  • Key Ether ranges to observe beneath $2,000 embrace $1,800, $1,500, $1,200, and probably $1,000-$750 in excessive eventualities.

58% of Ether addresses at the moment are within the purple

Ether’s 38% drop over the last month has seen it fall beneath key help ranges, together with the typical entry worth of accumulation addresses, the associated fee foundation of spot Ethereum ETF buyers, and the psychological stage at $2,000. 

The ETH/USD pair now trades 60.5% beneath its all-time high of $4,950, leaving a good portion of holders underwater. This contains BitMine, the world’s largest Ethereum treasury ​​linked to investor Tom Lee, which noticed its paper losses swell to over $8 billion.

Associated: Large demand zone below $2K ETH price gives signal on where Ether may go

With ETH buying and selling at $1,954 on Wednesday, solely 41.5% Ethereum addresses are in revenue, whereas over 58% are within the purple.

Cryptocurrencies, Ethereum, Markets, Market Analysis, Altcoin Watch
Ethereum: Addresses in revenue, %. Supply: Glassnode

Ether’s present market worth can be beneath the typical price foundation of accumulation addresses presently at $2,580, suggesting that long-term holders are more and more beneath pressure. 

Ethereum: Realized worth for accumulation addresses. Supply: CryptoQuant

ETF buyers are additionally feeling the pressure. James Seyffart, senior ETF Analyst at Bloomberg, highlighted that Ethereum ETF holders are presently in a worse place than their Bitcoin counterparts. 

With ETH hovering beneath $2,000, the altcoin trades effectively beneath the estimated common ETF price foundation of about $3,500.

Supply: X/James Seyffart

Ether accumulation absorbs 1.3 million ETH in 5 days

Regardless of the sharp downturn, investor confidence has not fully eroded. Information from CryptoQuant showed Ethereum accumulation addresses have obtained 1.3 million Ether value about $2.6 billion at present charges. 

 The “full-scale accumulation” of ETH started in June 2025, and is “continuing much more aggressively,” CryptoQuant analyst CW8900 said in Wednesday’s Quicktake evaluation, including:

“​​The present worth will probably seem enticing to $ETH whales.”

 

ETH inflows into accumulation addresses. Supply: CryptoQuant

In consequence, the whole ETH held by these long-term holders has reached a document 27 million. That marks a 20.36% achieve to date in 2026 regardless of the ETH worth declining 34.5% over the identical interval.

Cryptocurrencies, Ethereum, Markets, Market Analysis, Altcoin Watch
ETH steadiness held by accumulation addresses. Supply: CryptoQuant

Accumulation addresses are wallets that constantly obtain ETH with out making any outgoing transactions. They could belong to long-term holders, institutional buyers, or entities strategically accumulating Ether quite than actively buying and selling.

Large spikes in inflows to these addresses typically sign sturdy confidence in Ether’s long-term potential, with previous traits displaying that such surges incessantly precede worth rallies.

For instance, on June 22, 2025, Ethereum accumulation addresses recorded a then-all-time excessive day by day influx of over 380,000 ETH. Practically 30 days later, ETH’s worth rose by nearly 85%. A 25% worth rally adopted November 2025’s influx spike into the buildup addresses.

Key ETH worth ranges to observe beneath $2,000

The ETH/USD pair prolonged its losses beneath $2,000, a key help stage, which the bulls should reclaim to stop additional draw back.

“$ETH failed to carry above the $2,000 stage and is now happening,” crypto analyst Ted Pillows said in an X put up on Wednesday, including:

“The subsequent key stage is across the $1,800-$1,850 stage if Ethereum does not reclaim the $2,000 stage quickly.”

ETH/USD day by day chart. Supply: Ted Pillows

Fellow analyst Crypto Thanos shares comparable views, telling followers to “prepare” for a $1,500 ETH worth if $2,000 shouldn’t be reclaimed by the top of the week.

Zooming out, LadyTraderRa said Ether is “undoubtedly going” to retest the $750-$1,000 zone, primarily based on previous worth motion on the month-to-month candle chart. 

ETH/USD month-to-month chart. Supply: LadyTraderRa

Glassnode’s UTXO realized worth distribution (URPD), which exhibits the typical costs at which ETH holders purchased their cash, reveals that beneath $2,000, key help ranges for ETH sit at $1,880, $1,580 and $1,230.

ETH: UTXO realized worth distribution (URPD). Supply: Glassnode

As Cointelegraph reported, the ETH/USD pair may drop to $1,750 after which $1,530, after failing to carry above $2,100.