Ethereum whales gather heavily as ETH price rises to $2.4K
Ethereum stock addresses saw a surge in daily earnings on Wednesday, suggesting growing confidence in Ether (Ether).ETH) long-term price path following a rise to $2,400.
Main Receptors:
Storage addresses took about $592 million in ETH on Wednesday, indicating long-term buying.Ether's ascending triangle is ETH's price rally around $3,315.
Ethereum collectors add $592 million in ETH
Ether's investor confidence has returned following a 39% recovery from multi-year lows below $1,750.
Data from CryptoQuant He showed. Since mid-2025, daily flows into storage addresses have steadily increased, reaching an all-time high of 1.14 million ETH in November 2025. In 2026, the revenue continues to grow, averaging 200,000 ETH per day.
These addresses received 246,620 ETH on Tuesday, which is worth $592 million at current prices.
ETH goes to the storage addresses. Source: CryptoQuant
Storage addresses are wallets that receive ETH continuously without making any costly transactions. Rather than actively trading Ethereum, long-term holders, institutional investors, or entities may be strategically hoarding.
As a result, the total ETH held by these long-term holders About 25 million ETHIt shows a jump of 20.36% so far in 2026.
Large spikes into these addresses usually indicate a strong belief in Ether's long-term potential, as past trends show that such spikes often precede price rallies.
For example, on June 22, 2025, Ethereum stock addresses recorded a daily flow of more than 380,000 ETH. After 30 days, the price of ETH increased by 85%. A similar price rally followed the November 2025 surge into stock addresses.
The whale pods are also showing signs of bullying. The chart below shows that whale wallets with a scale of 10,000-100,000 ETH have rapidly accumulated over the past 30 days, peaking at over 19.5 million tokens.
Wallets with more than 100,000 ETH also increased their holdings to 4.7 million ETH, a 30 percent increase by 2026.
Ethereum: Balance by owner value
According to Cointelegraph reportedEther Spot's rising cumulative delta since early April suggests rising confidence among buyers.
How high can the price of ETH go?
Ether's liquid heat map shows the price consuming liquid near $2,400, with large bid orders still placed between $3,000 and $3,350 and $3,500.
“$ETH break at $2,500 will be followed by a steady rise to $3,000” crypto analyst CW8900 he said. In X's post on Wednesday, he added:
“There is almost no objection to short positions.”
ETH liquid heat map. Source: CoinGlass
From a technical perspective, the ETH/USD pair is looking to break above the ascending triangle horizontal line at $2,400.
A daily candlestick closing above the 200-day EMA at $2,700 confirms an increase to the triangle target at $3,315. Such an action brings the total profit to 40%.
ETH/USD Daily Chart. Source: Cointelegraph/Trading view
Technical Analyst XForceGlobal He shared a suggestive chart. Ether's macro may be in the bottom, with Elliott Wave analysis showing a rally towards $3,500 after breaking the $2,600-$2,700 resistance.
ETH/USD Daily Chart. Source: XForceGlobal
According to Cointelegraph reportedA close above the $2,600-$2,700 range would confirm a trend reversal, paving the way for the ETH/USD pair to rally towards $3,000.
