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Ethereum whales accumulate as ETF inflows return, eyeing $2,438 price target.

Technical Signals
27 Jul 2026
BeInCrypto
View Source
Bullish
pluang ai news

Ethereum whale addresses have increased to multi-month highs, signaling strong accumulation near yearly lows as ETH trades around $1,963. US spot Ethereum ETFs have seen three consecutive weeks of inflows, indicating renewed institutional interest. However, active Ethereum addresses remain below previous peaks, suggesting network usage has yet to confirm the rally. A sustained close above $2,000 could push ETH toward a $2,438 target, but rejection could lead to a retest of lower support levels around $1,754 to $1,600.

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