Massive 400K ETH Inflow Hits Accumulator Wallets in a Single Day - Crypto Economy

TL;DR

• Accumulation surge: Nearly 400,000 ETH flowed into no-sell wallets on September 24, following a record 1.2 million ETH inflow earlier in the week.
• Price pressure: Ethereum briefly dipped below $3,900 and remains under the $4,060 support, with downside risk toward $3,600 if levels fail.
• Expert outlook: Analysts see potential for consolidation or rebound, with long-term buyers viewing current levels as an ideal accumulation zone.

Ethereum’s market turbulence has not deterred long-term holders. Fresh data shows nearly 400,000 ETH flowed into accumulator wallets, just days after a record-breaking 1.2 million Ethereum inflow. Despite Ether briefly dipping below $3,900 amid macroeconomic pressures, the surge in accumulation highlights strong conviction among investors positioning for future gains.

Accumulator Wallets Absorb Record ETH

According to CryptoQuant, accumulator addresses are wallets that have made at least two purchases without a single sale. These wallets absorbed nearly 400,000 ETH in a single day, marking the first time such inflows have been recorded at this scale. The activity follows a historic 1.2 million Ether accumulation earlier in the week, underscoring a trend of long-term positioning. Analysts suggest some of these wallets may belong to institutional players or entities tied to Ethereum ETFs, reflecting growing demand despite short-term volatility.

Market Sentiment and Price Levels

Ethereum’s price action has been shaped by broader macroeconomic concerns. The asset briefly fell below $3,900 before recovering slightly, though it remains down more than 2% over the past day. Analyst Ted Pillows noted that ETH’s test of the $3,800 liquidity level was anticipated. However, the crypto remains below the crucial $4,060 support. Reclaiming this level could spark renewed bullish momentum, while failure to hold above it risks a slide toward $3,600.


Expert Views on Market Dynamics

Arthur Azizov, Founder of B2 Ventures, described the recent decline as a “classic risk-off squeeze,” pointing to shrinking leverage, thinning liquidity, and retreating short-term players. He emphasized that Ethereum’s fundamentals, including staking demand, DeFi activity, and Layer 2 growth, remain solid. Azizov outlined three potential paths: a rebound to the $4,500-$5,000 range if macro conditions ease, consolidation between $3,500 and $4,500, or further downside if pressures persist.

Analysts Signal Long-Term Optimism

Despite near-term uncertainty, several market experts remain bullish. Trader Tardigrade argued that Ethereum is gathering momentum for a massive surge. Michaël van de Poppe, founder of MN Fund, highlighted that ETH is in an “ideal zone” for accumulation, representing a higher timeframe support test. He also noted the asset’s proximity to its 20-week moving average, a level that has historically provided strong support during previous cycles.