Ethereum (ETH) now trades below the average entry levels of both accumulation addresses and exchange-traded fund (ETF) holders, leaving a significant portion of major holders underwater. Yet current data points to continued structural commitment rather than broad exit activity, suggesting that capital remains engaged despite the drawdown. Ethereum’s Decline Pushes Major Buyers Into Unrealized Loss Territory Ethereum has extended its losses in 2026, shedding more than 30% year-to-date amid a broader crypto market downturn. The second-largest cryptocurrency by market capitalization fell below the $2,000 level last week
source: https://beincrypto.com/ethereum-price-below-etf-cost-basis-whale-accumulation/