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Ether is testing the $2,400 level after CryptoQuant data showed long-term accumulation wallets added 246,620 ETH in a single day.
The inflows were worth about $592 million at current prices. The buying came as ETH continued to recover from a multi-year low below $1,750 and moved back toward a key resistance area near $2,400.
Accumulation Wallets Add 246,620 ETH in One Day
Accumulation addresses are wallets that receive ETH but do not send it out. They are usually linked to long-term holders, institutional buyers or entities building positions rather than actively trading.
CryptoQuant data showed these wallets have been taking in an average of about 200,000 ETH per day in 2026. The latest single-day inflow of 246,620 ETH suggests long-term buyers are still adding as Ether rebounds from recent lows.
Ethereum Accumulation Holdings Reach 25M ETH
Total holdings in Ether accumulation wallets have reached a record 25 million ETH, up 20.36% since the start of the year.
That data points to more ETH moving into wallets with limited selling activity. If demand remains steady, a lower liquid supply could help support Ether’s attempt to extend its rebound. The accumulation trend also gives traders a clearer on-chain signal to watch as ETH approaches the $2,400 resistance area.
$2,400 Breakout Needs Stronger Volume
Ether’s latest move has put the $2,400 level back in focus. Market commentary has pointed to an ascending triangle pattern, with resistance clustered around that area. A confirmed breakout could open a move toward the $3,315 area based on the pattern’s measured target.
For now, the more immediate test is whether buyers can turn $2,400 from resistance into support. ETH has bounced sharply from recent lows, and accumulation wallets are still adding. But the rebound needs stronger volume above $2,400 to show that long-term buying is turning into broader market momentum.
If Ether clears $2,400 decisively, traders may start looking toward the $3,300 range. If it fails again, the move could remain another recovery attempt that stalls before wider altcoin demand returns.
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Fhumulani Lukoto
Cryptocurrency Journalist
Fhumulani Lukoto holds a Bachelors Degree in Journalism enabling her to become the writer she is today. Her passion for cryptocurrency and bitcoin started in 2021 when she began producing content in the space. A naturally inquisitive person, she dove head first into all things crypto to gain the huge wealth of knowledge she has today. Based out of Gauteng, South Africa, Fhumulani is a core member of the content team at Coin Insider.