Watch these ETH price levels in the future

Ether (ETH) traded nearly 30% lower at $2,990 as traders face more risk amid global conflict and macroeconomic uncertainty.

However, stronger network usage and increased penetration of ETH addresses could create a spark that could eventually break the $2,200 resistance.

Key considerations:

• ETH, held in aggregated wallets, is up 32% since January, indicating strong confidence for the long term.

• Stakeed ETH reaches a record 37.85 million, which is more than 30% of the supply.

• Analysts say that Ether bulls need to return to $2,200 as support

6.5M ETH increase in collection addresses

Although the price of Ether has fallen in 2026, network activity has increased, with daily active addresses (DAA) increasing to 1.1 million in February, the highest level since December 2022. In the last seven days, DAAs have increased by 80% to 672,170 from 370,390.

CryptoQuant analyst CW8900 said in a QuickTake note on Friday, “The increase in active ETH addresses indicates bullish market movements.”

The chart below shows that activity has picked up significantly since Ether’s recent drop below $2,000.

“This means that the accumulation activity was at its most active,” the analyst added.

Similar activity is seen near the macro lows from 2022, which precedes significant ETH price rallies.

In addition, daily inflows to aggregation addresses have steadily increased since mid-2025, reaching a record high of 1.14 million ETH in November 2025. Funds have soared in 2026, averaging 200,000 ETH per day, with an increase of more than 350,000 on Thursday.

As a result, the amount of ETH in accumulated wallets, or holders with a history of sales, increased by 6.5 million to 26.55 million from 20.1 million on January 1, representing an increase of 32%.

The supply of ETH held in pooled addresses is an important indicator for traders and market participants, as it reflects general confidence in Ether’s long-term prospects.

The total value of ETH staked further reinforces this perspective. Ether’s supply reached a record high of 37.85 million this week, indicating increased investor confidence and a tightening of liquid supply. This is more than 30% of the total supply of ETH.

The increased supply of care also indicates that a large percentage of investors are preparing to hold their ETH for the long term.

As Cointelegraph reported, the supply of Ether held on exchanges fell to a new multi-year low of 3.46 million ETH, further tightening available liquidity on order books.

Ether price should turn $2,200 into support

Data from TradingView shows that ETH is trying to break the $2,100-$2,200 resistance that has been holding its price down for the past month.

“This has been an important price zone for Ethereum for the past two years,” analyst Daan Crypto Trades said in a recent X post.

The last time the ETH/USD pair recovered this level was in May 2025. It has increased by 24% in less than a week. In June 2025, it served as the backdrop for a 126% rally in ETH price to the all-time high of $4,950 reached in August 2025.

The key area to watch for the downside is $1,750-$1,850, which, if lost, could extend the downtrend to $1,000.

“I suspect that once this breaks both sides of the range, we’ll see a big move happen,” added Crypto Trades’ Daan.

This support zone coincides with the uptrend line that has held the price on the weekly chart since 2022.

Technical analyst Prof. said that this support will be maintained after a retest of the 21-week exponential moving average at $2,700, 22% above the current price.

As reported by Cointelegraph, a decisive break above the $2,100 resistance and the 50-day EMA at $2,200 will target bulls at $2,600 in the future.