Ethereum (ETH) accumulation addresses experienced a significant surge in December 2025, recording their highest monthly inflow to date. Despite prevailing market challenges following the holiday season, these wallets collectively added 3.62 million ETH to their holdings, surpassing the previous record of 2.94 million ETH set in November.
Accumulation addresses are characterized by their lack of selling activity and are typically held by long-term investors or new users entering the market. The notable increase in inflows indicates a strong commitment from these investors to accumulate ETH, even as broader market dynamics exerted selling pressure.
Market Dynamics and Selling Pressure
While accumulation addresses ramped up their buying activity, Ethereum’s exchange reserves rose by nearly 480,000 ETH, marking the largest increase since June. This uptick in exchange reserves often signals heightened selling pressure, potentially driven by year-end tax-loss selling, according to statements from Thomas Lee of BitMine.
The fluctuation in reserves comes at a time when Ethereum’s validator entry queue has also seen a reversal. After nearly two months of decline, the amount of ETH in the queue surged by approximately 120%, climbing from a low of 410,938 ETH on December 28 to 904,051 ETH by the end of last week. This movement suggests increased investor interest in securing the network through staking.
Price Movements and Future Outlook
Ethereum’s price action has recently seen a breakout from a descending triangle pattern, and it is currently testing the resistance range of $3,150-$3,250. Over the last 24 hours, the cryptocurrency experienced $121.3 million in liquidations, primarily due to $111.9 million in short positions being liquidated, as per data from Coinglass.
If Ethereum can maintain its momentum and successfully surpass the $3,150-$3,250 resistance, analysts predict a potential price increase toward $3,470. Conversely, should the price face rejection near the resistance levels, a pullback to the $2,900 support level could occur.
Current indicators, including the Relative Strength Index (RSI) and the Stochastic Oscillator, suggest a prevailing bullish momentum in the market, with the RSI positioned above neutral territory and the Stochastic Oscillator entering overbought conditions.
As Ethereum navigates through these market dynamics, the ongoing accumulation by long-term investors and the recent activity in the validator queue may set the stage for a resilient performance in 2026.
