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Live ETH/USD Chart

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Ethereum (ETH) experienced a decline of 1.15 percent, remaining below $4,500. However, the digital asset has entered a significant new accumulation phase despite slow price movements. ETH’s holdings of Accumulating Addresses have more than doubled in less than four months, according to recent data.

These addresses showed a steady but gradual increase from 2018 to mid-2025, reflecting consistent long-term interest, according to CryptoQuant’s findings. However, as of June 1st, 2025, this pattern shifted dramatically to exponential growth. By mid-September 2025, balances had grown to nearly 28 million ETH from around 13 million ETH, marking a more than twofold increase in record time.

This surge highlights aggressive accumulation by large-scale and strategic investors, indicating their confidence in ETH’s long-term value. The large demand reduces circulating supply and strengthens the foundation for potential bullish price moves

“The implications of this accumulation phase could become even more impactful” when combined with scalability upgrades, increasing institutional adoption, and ongoing macroeconomic factors, CryptoQuant suggests.

TK Research has found that Ethereum is currently experiencing significant growth, driven by increased on-chain activity and a rise in capital investment. Over the past year, the network’s transaction throughput (TPS) has grown by 61.5 percent, showcasing improvements in scalability and efficiency.

At the same time, average transaction fees in ETH have plummeted by nearly ten times, making the network more accessible to both developers and users. This combination of higher throughput and lower costs creates a positive feedback loop: a better user experience encourages more engagement, which in turn attracts additional decentralized applications (dApps) and funding to the ecosystem.

Although Ethereum’s fundamentals are improving, its market structure remains tight. Price action is consolidating between key levels, indicating the asset may be entering a compression phase, according to crypto analyst Lennaert Snyder. Snyder suggests that while $4,460 might serve as immediate support, the $4,630 resistance level remains the main obstacle to further bullish momentum. He also notes that there is significant liquidity around the $4,250 low, indicating a potential downside test before any upward movement.