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Ethereum’s accumulation addresses hit an all-time high with 22.8M ETH ETH must break through key resistance levels before a rally to $3k is confirmed While the spotlight remains on Bitcoin [BTC] and macro narratives, Ethereum [ETH] has been flashing strong on-chain and accumulation signals. These might be hinting at a major move on the horizon. Hence, the question – Is ETH gearing up for a summer rally, or will it need more fuel before it can truly take off? ETH accumulation hits record high Ethereum’s accumulation addresses – wallets that only receive ETH and never spend – have quietly collected a staggering 22.8 million ETH – A historic high. In fact, the data underlined a parabolic rise in the total balance held by these wallets. This, despite ETH’s price remaining well below its ATH. Source: Cryptoquant This could be seen as a sign of conviction among LTHs, many of whom appear to be positioning themselves ahead of a major move. Notably, this level of accumulation dwarfs previous cycles and may continue to accelerate into July – Hinting at a potentially explosive summer rally if historical trends play out once again. Is altseason on the horizon? Ethereum just recorded its biggest transaction count spike since early 2023, climbing past 1.5 million daily transactions. Such a surge in on-chain activity implies growing network usage and rising speculation; often a precursor to bullish momentum. Source: Cryptoquant Interestingly, this comes on the back of stablecoin market dominance hovering near its historical resistance levels that marked major cycle tops in 2019, 2020, and 2021. Source: X Usually, a rejection from this level has triggered capital rotation into riskier assets; kickstarting an altseason. If ETH breaks higher while stablecoins retreat, we could be looking at the early signs of a broader altcoin rally. As one Twitter…

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Filed under: News - @ June 30, 2025 9:25 pm