The post Ethereum (ETH) Surges Past $2,400 as Accumulation Wallets Reach All-Time Highs appeared on BitcoinEthereumNews.com.

Key Takeaways Ethereum has surged past $2,400, marking a 38% gain from its $1,750 low point Holdings in accumulation addresses increased by 33%, adding 6.5 million ETH since the start of January Technical analysis reveals a cup-and-handle formation projecting prices between $2,960 and $3,150 Ethereum ETFs recorded $298.4 million in net inflows across seven consecutive trading sessions Geopolitical tensions eased after Iran reopened the Strait of Hormuz, contributing to ETH’s upward momentum Ethereum’s price has broken through the $2,400 threshold, extending a recovery trend that originated from a low of $1,750. This advance represents approximately a 38% gain from that recent bottom. Multiple technical and blockchain metrics are now capturing the attention of market participants and cryptocurrency analysts. Ethereum (ETH) Price The number of daily active addresses on the Ethereum network surged by 89%, climbing from 384,763 to 730,278 on April 5. Historically, such spikes in network activity have coincided with market bottoms, including instances in 2022 that preceded significant price rebounds. Accumulation addresses experienced record daily inflows of 1.14 million ETH in November 2025. Throughout 2026, these inflows have maintained an average of 200,000 ETH daily, with a notable surge to 358,000 ETH recorded on Thursday. Source: CryptoQuant The aggregate ETH balance held in accumulation wallets—defined as addresses with no recorded selling activity—has expanded from 19.64 million to 26.16 million ETH since the beginning of January. This represents a substantial 33% increase. Currently, 39.2 million ETH is locked in staking contracts. Simultaneously, ETH reserves on centralized exchanges have declined to multi-year lows, tightening the available liquidity in spot markets. Technical Pattern Suggests Potential Move to $3,150 From a technical perspective, ETH has completed a breakout from a cup-and-handle formation on the 12-hour timeframe. A sustained close above the $2,400 neckline establishes a projected target near $2,960. The 14-day Relative…

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Filed under: News - @ April 18, 2026 12:22 pm