The price of the Ethereum cryptocurrency Ether (ETH) gained momentum at the beginning of 2026, and the market entered a favorable situation.
“ETH is in an accumulation phase and supply is moving towards long-term holders,” notes Node Analytica Research.
What does this mean? this is, Increased supply of most high-confidence headlinesthe amount of Ether available for immediate sale will be reduced and the bullish bias will improve.
Moreover, it is worth mentioning that despite the price decline in the last months of 2025, the accumulation has been maintained since August. This is supported by the following graph from the CryptoQuant on-chain data explorer.
This situation is often interpreted as supply being transferred to more patient hands. The more ether accumulates in this pool, the less there will be for sale on the market and the more likely a supply-side shock will occur.
Node Analytica Research, a digital asset analysis company.
For the company, this Supports the medium- to long-term bullish theory of ETH. “We recommend allocating 1% of your portfolio to buy strategically on small pushes,” they claim. This is because if supply decreases and accumulation increases, price recovery could accelerate.
Ethereum has found the floor for the realized price of accumulators
Over the past five years, the realized price of ETH accumulation addresses (addresses that do not sell and only specialize in long-term accumulation) has steadily increased, meaning that these investors are increasing their average purchase cost, moving closer to the spot price. This suggests greater investment confidence by this group.
Looking ahead, the company says this is important because when spot prices fluctuate around realized prices, markets tend to enter more mechanical support. In other words, it reveals the following Realized price is set as a solid floorwhat is happening now and what can be seen in the following graph.
In any case, Node Analytica Research emphasizes that: Coinbase Premium ETH Index remains in negative territorysuggests caution. This indicator measures the difference in cryptocurrency prices between this exchange for institutional investors and other global exchanges such as Binance.
Although this index has risen sharply in recent weeks, it has not yet succeeded in dominating marginal supply, as shown below. According to the company, the good news is that for this very reason, a change in the indicator to a positive level can serve as a confirmation signal.
“If premiums eventually normalize while cumulative balances continue to increase, a scenario could emerge where supply compression from the cumulative direction could lead to faster price adjustments,” he commented.
ETH volatility may accelerate
In its analysis, Node Analytica Research warns that the ETH market is being re-leveraged, increasing the potential for wild asset price volatility.
Leverage on Binance was dominated by aggressive selling in December, and open interest rebounded somewhat strongly. Therefore, for analytics firms, an improvement in prices will force speculators to close out their short positions, which will trigger another bullish move for the asset.
the current, Taker buy-sell ratio You have passed level 1 on Binance. Indicates that there are more purchases than sales. “If the current trend continues and it maintains its current level, it is very likely that the upward trend will continue and it will return to levels close to historic highs,” the analyst firm said.
This also occurs while the supply of ETH on exchanges is decreasing, indicating that selling pressure is decreasing. “Add to this the fact that the direction of accumulation will continue to absorb some of the existing supply, and the market could react more sharply to a recovery in demand for assets,” he concluded.
This scenario occurs in the context of a cryptocurrency recovery by 2026, triggered by the rise of Bitcoin (BTC). According to a report from CriptoNoticias, the major digital currency reached $95,000 this week, a level not seen in the past month.
(Tag translation) Altcoin
