- Ethereum accumulation has soared, signaling a rise in bullish sentiments.
- ETH is down 3.21% in 24 hours as the altcoin remains stuck in a consolidation range.
Since the start of 2025, Ethereum (ETH) has struggled to maintain bullish momentum. During this period, it fell below $3,000 while reaching a high of $3.7,000.
On the weekly charts, Ethereum continued to trade within a consolidation range between $3.5k and $3k.
In fact, at the time of writing, Ethereum was trading at $3,215. This represents a decline of 3.21% on the daily charts, extending this bearish outlook by 4.57% on the weekly charts.
On the positive side, investors saw this drop as a buying opportunity. As such, most market participants are actively accumulating ETH, anticipating a price recovery.
Ethereum Accumulation Soars
According to CryptoQuant, Ethereum accumulation has skyrocketed over the past two weeks. As such, investors have turned to accumulating ETH, a sign of growing confidence in Ethereum’s future prospects.
Source: CryptoQuant
Although ETH is currently experiencing high market volatility, investors are optimistic and are taking advantage of this opportunity to HODL.
This market dynamic is more prevalent among futures market participants. Thus, Ethereum’s leverage ratio jumped, reflecting a growing appetite for highly leveraged positions in derivatives markets.
With ETH still stuck in a consolidation range, high leverage could lead to a breakout. A breakout caused by high leverage could in turn trigger an impulsive price movement.
Source: CryptoQuant
Therefore, current market conditions point to a possible upward breakout. When investors accumulate while appetite for leveraged positions remains high, it indicates bullish investor behavior.
An impact on ETH charts?
Notably, when the accumulation rate skyrockets, it suggests that investors are not only optimistic, but perceive the current market rate as undervalued and that the asset has more growth potential in the future.
Source: Santiment
According to AMBCrypto analysis, Ethereum is seeing an increase in positive sentiments. For starters, Ethereum’s stock-to-flow ratio increased from 6.87 to 67.57, signaling increased scarcity.
When the SFR increases, it implies that ETH becomes scarce on exchanges as investors move their assets to private wallets or cold storage. Such market behavior implies increased accumulation.
Usually, a severe shortage causes prices to rise if demand increases or remains constant.
Source: Santiment
Finally, Ethereum’s Bitmex basis ratio has remained positive over the past seven days. This indicates that investors expect higher prices for ETH in the future, thus ending up paying a premium for future contracts.
Such a trend reflects a bullish trend, as long positions pay short positions to hold their positions.
Simply put, increased accumulation signals a change in sentiment as investors become optimistic. These market conditions position ETH for a possible price recovery and exit from the consolidation range.
Read Ethereum (ETH) Price Forecast 2025-2026
If investors can maintain their recently observed appetite, ETH could reclaim $3,450 and surpass the $3,500 resistance.
However, if the bulls fail in this attempt, we could see the altcoin fall to $3,000 and break below this critical support level.
