ETH Below Realized Price Level

Ethereum dropped below the realized price of accumulation addresses, while inflows into those wallets surged, according to CryptoQuant charts shared by X user CW8900.

Accumulation Addresses Keep Adding ETH Despite the Drop

CryptoQuant’s ETH: Inflows into Accumulation Addresses” chart shows small inflows for years, then a clear shift starting in June 2025. After that point, inflow bars jump and cluster more often, with the largest spikes appearing into late 2025 and early 2026. The price line, meanwhile, peaks near late 2025 and then trends lower.

ETH Inflows Into Accumulation Addresses. Source: CryptoQuant

A second chart, “ETH: Realized Price for Accumulation Addresses,” plots spot price against the realized price of those accumulation wallets. The realized price rises steadily through 2024 and 2025 and continues climbing into 2026. During the latest selloff, ETH trades below that realized price line, which means the market price sits under the average on-chain cost basis for this cohort.

The two charts together show a split: price weakens while accumulation activity increases. Inflows accelerate during the same period ETH falls under the accumulation cohort’s realized price. CW8900 described the current level as “below the price at which they began accumulating,” and the realized-price chart supports that the cohort’s average cost now sits above spot.

The data do not explain who controls the addresses or what triggers the inflow spikes. However, the pattern shows persistent net accumulation into wallets classified as accumulation addresses, even as ETH trades below their estimated average purchase price.

Trader Flags Multi Year Ethereum Bull Pennant on Bi Monthly Chart

Crypto trader Trader Tardigrade said Ethereum’s bi monthly chart shows a large bull pennant that has held for years, with price repeatedly testing a rising support line while failing to break a flat resistance band. In a post on X, he argued the structure remains “on track” for a breakout, based on multiple touches along both borders.

The shared chart draws a horizontal ceiling near prior peak zones and a rising lower trendline that connects a series of higher lows. That combination creates a tightening range, which technicians often label a pennant or long consolidation after a strong move. On the chart, candles compress toward the right side as the two lines converge.

Trader Tardigrade described the upper boundary as “equal highs” and the lower boundary as “higher lows,” which frames the setup as steady buying pressure meeting the same sell zone. The chart also includes an upward arrow to illustrate the direction he expects if price clears the resistance area, while the long timeframe suggests the analysis focuses on a multi year trend rather than short term swings.