Ethereum's Accumulation Zone Under Scrutiny

ETH's accumulation cost keeps climbing—but here's what really matters: as long as the price holds near or above this critical cost zone, it signals one thing clearly. Long-term accumulators are still in the game. They're not panicking. They're buying.

Why does this matter? Simple. When institutional and whale-level HODLers keep stacking ETH at current levels, it shows real conviction. Meanwhile, most altcoins? They're struggling to maintain similar accumulation momentum. This structural difference could be Ethereum's edge in the next cycle.

The question isn't whether accumulation continues—the data suggests it does. The real question: can ETH defend this cost basis, or will we see capitulation below it? That's where the regime actually gets tested.