Ether tests $2.4K as accumulators add 246,620 ETH but DEX/DApp slump, hacks and competition curb rallies
first published 2026-05-06T16:32:46Z
Accumulation addresses received ~246,620 ETH (~$592M) in one day amid steady inflows since mid‑2025, lifting long‑term holder supply to a record 25M ETH (up 20.36% in 2026). Daily inflows averaged ~200,000 ETH in 2026 after a Nov 2025 peak of 1.14M ETH. Whale holdings rose too: addresses with 10k–100k ETH now hold >19.5M ETH, and wallets >100k hold 4.7M ETH (up 30% in 2026). Technicals show an ascending triangle with a horizontal trend near $2,400; measured targets are ~$3,315 and analysts project up to ~$3,500 if resistance around $2,600–$2,700 is cleared. A daily close above the 200‑day EMA (~$2,700) or a break above $2,500 is cited as confirmation for further upside.
AI Analysis
Large on‑chain inflows (246,620 ETH in one day; ~200k ETH daily average in 2026) and rising long‑term and whale holdings are bullish; technical pattern (ascending triangle with horizontal near $2,400) and explicit measured targets ($3,315 and up to $3,500) provide concrete short‑term upside triggers (breaks above $2,500 and daily close above 200‑day EMA ~$2,700).
Expected Investor Sentiment: Neutral
Potential Market Impact: Moderate
