Ethereum Pullbacks Spark Accumulation Activity – Here’s Why
Over the past two weeks, the Ethereum price has trended downward, sparking fears of another prolonged correction. However, data from a recent on-chain analysis indicate that the long-term bullish case for Ethereum remains quite strong. Related Reading: Solana Vs Ethereum: What’s Holding Growth Back? 3 Reasons SOL Is Still Lagging Staked Ethereum Metric Indicates Long-Term Investor Confidence In a recent QuickTake post on CryptoQuant, crypto analyst PelinayPA highlights a confluence of on-chain signals reflecting a strong confidence among Ethereum long-term traders. First, the market analyst notes that the Staked Amount metric, which began to rise in 2023, has reached an all-time high early in 2026. This means the amount of staked ETH has risen significantly, and that a large (and growing) portion of Ethereum’s circulating supply is being removed from active market circulation. In turn, this reduces the amount of ETH available for sale. At the same time, the MVRV metric signals that th