Ether holdings in long-term Ethereum wallets have risen 33 percent so far in 2026.

Cointelegraph reported on Thursday that a rebound in ether's price has come with simultaneous increases in active addresses, inflows to accumulation wallets and staked supply, drawing attention to the possibility of medium- to long-term gains.

Ether recovered to around $2,400, up about 38 percent from a $1,750 low. Daily active addresses on Ethereum rose 89 percent to 730,278 on April 5 from 384,763. Expanded network activity was also seen as the price climbed to around $2,300. Such moves have repeatedly appeared near major lows since 2022 and were followed by gains in ether's price.

Holdings in accumulation wallets with no history of selling also rose quickly. Ether held by these wallets increased by 6.5 million ETH to 26.16 million ETH recently from 19.64 million ETH on Jan. 1, a 33 percent rise. Daily inflows to accumulation wallets continued to increase since mid-2025 and hit a record 1.14 million ETH in November 2025. In 2026, inflows have held at about 200,000 ETH a day on average and topped 358,000 ETH on Thursday.

Total staked ether was tallied at 39.2 million ETH. Ether held on exchanges has fallen to its lowest level in years, further tightening liquidity.

Technical indicators also supported the possibility of further gains. On the ether-dollar chart, a breakout of a cup-and-handle pattern appeared, and analysis said a stronger uptrend could begin if a 12-hour candle closes above the $2,400 neckline. In that case, the target is about $2,960, around 22 percent above the current price. The relative strength index rose to 68, suggesting buyers have the upper hand.

Trader TheSky said a larger cup-and-handle pattern has also been forming on the daily chart over the past two months. The measured target for that pattern is $3,150. To sustain the uptrend, however, ether needs to hold the $2,350 to $2,400 range. If it breaks above $2,400 on a closing basis, the ETH-USDT pair is more likely to rise to $2,800 and then to $3,050, the outlet reported.