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TLDR
- ETH is trading near $1,887, holding above the $1,720–$1,780 support zone.
- A break above $1,875 resistance could open the path toward $2,200.
- A whale wallet bought 50,000 ETH worth $93.6 million and staked it, bringing total recent accumulation to $170 million.
- ETH staking hit a record 41.9 million ETH, up from 36 million in early 2026.
- A new proposal, EIP-8363, could lower staking rewards as the staking ratio grows.
Ethereum is trading at $1,887.04, with a 24-hour trading volume of $8.05 billion. Its market cap stands at $227.73 billion.
The price has stayed fairly steady over the past day. But two separate trends are shaping how traders view ETH right now: price structure and staking behavior.
Crypto analyst Nehal said ETH is holding inside a $1,720–$1,780 buying zone. Buyers have defended this range, which has helped stabilize recent price action.
Nehal’s post noted that holding this zone keeps the bullish structure intact. If it breaks down instead, it could weaken the case for a recovery.
The next hurdle sits at $1,875 resistance. A breakout above that level, especially with strong volume, could push ETH toward the $2,200 mark.
Whale Buys $93.6 Million in ETH
On-chain tracker Lookonchain reported that a whale wallet labeled 0x2d59 bought another 50,000 ETH, worth about $93.6 million. The wallet then staked the coins.
This follows an earlier purchase by the same wallet of 40,000 ETH, worth roughly $76.66 million, about a week before. Combined, the whale has now put $170 million into ETH.
Staking the new coins means the wallet is unlikely to sell soon. This is one reason some traders read the move as a sign of confidence in ETH’s price.
The broader market backdrop is mixed. Bitcoin has been moving lower, and that has weighed on altcoins, including ETH.
Staking Hits Record High Ahead of EIP-8363
Separate from the whale activity, total staked ETH has climbed to a record 41.9 million coins. That’s up from around 36 million in early 2026, even as ETH’s price fell toward $1,800.
Recent staking inflows of about 28,700 ETH are smaller than earlier spikes, which topped 200,000 ETH. This suggests accumulation through staking has slowed compared to before.
Ethereum Price on CoinGeckoRoughly one-third of all ETH is now staked. A proposal called EIP-8363, or “Tapered Issuance Burn,” would reduce validator rewards as that staking ratio rises.
Under the plan, annual issuance would fall toward 0.8% near current staking levels, and toward zero if staking reaches 50% of supply.
BitMine, the largest ETH-holding public company, now holds 5.81 million ETH. It stakes 5.07 million of that, over 87% of its total.
At current rewards, BitMine earns close to $257 million a year from staking. Lower rewards under EIP-8363 would cut into that income, though BitMine has not indicated plans to sell its holdings.
The post Ethereum’s (ETH) Price: Eyes $2,200 Target on Whale Accumulation appeared first on Blockonomi.
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