Cointelegraph reported that despite a roughly 20% drop in ETH price in February, on-chain data indicates that investors continued to accumulate. In February, ETH addresses added over 2.5 million ETH, bringing total holdings to 26.7 million. Regarding network fundamentals, over 30% of the circulating ETH supply (37,228,911 ETH) is currently staked. Weekly transaction volume reached a record high of 17.3 million, while the median gas fee dropped to $0.008. In the derivatives market, ETH open interest reached $11.2 billion, with the estimated leverage ratio remaining high at 0.7. Hyblock data shows that 73% of global accounts are currently long on ETH. The liquidation heatmap shows over $2 billion in short positions clustered above $2200, while approximately $1 billion in long liquidation positions are piled up around $1800. The most recent cluster of liquidations is at $1909, where there are $563 million worth of long positions. Technical charts show ETH forming an "Adam and Eve" bottom pattern; a break above $2150 could see it rise to the $2473-$2634 range.