Ethereum Price Eyes $2,200 Target Amid Whale Accumulation

Ethereum's price continues to hold steady above the $1,720-$1,780 support zone, keeping its bullish structure intact. According to crypto analyst Nehal, a breakout above $1,875 resistance could push ETH toward the $2,200 mark.

A whale wallet labeled 0x2d59 has made two significant purchases in recent weeks, buying 50,000 ETH worth $93.6 million and staking it, bringing total recent accumulation to $170 million. This move is seen as a sign of confidence in ETH's price by some traders.

Total staked ETH has climbed to a record 41.9 million coins, up from around 36 million in early 2026. However, recent staking inflows have slowed compared to earlier spikes, suggesting accumulation through staking may be slowing down.