Ethereum accumulation addresses now reflect a realized price of $2.9K, a significant increase from $1.7K earlier this year. These addresses collectively hold 27.6 million ETH, underscoring robust support and growing confidence among long-term investors. The increase is largely driven by renewed investor interest, spurred by the Ethereum ETF rally, which has influenced accumulation patterns and elevated the average acquisition price. The $2.9K level is considered a critical support zone, with institutional interest anticipated to sustain bullish momentum.