TLDRETH is trading near $1,887, holding above the $1,720–$1,780 support zone.A break above $1,875 resistance could open the path toward $2,200.A whale wallet bought 50,000 ETH worth $93.6 million and staked it, bringing total recent accumulation to $170 million.ETH staking hit a record 41.9 million ETH, up from 36 million in early 2026.A new proposal, EIP-8363, could lower staking rewards as the staking ratio grows.Ethereum is trading at $1,887.04, with a 24-hour trading volume of $8.05 billion. Its market cap stands at $227.73 billion.The price has stayed fairly steady over the past day. But two separate trends are shaping how traders view ETH right now: price structure and staking behavior.Crypto analyst Nehal said ETH is holding inside a $1,720–$1,780 buying zone. Buyers have defended this range, which has helped stabilize recent price action.$ETH BUYING RANGE SETUP ETH is holding the $1,720–$1,780 buying zone.If support holds → $1,875 breakout could open the path toward $2,200+. pic.twitter.com/wDImbRxkxj— Nehal (@nehalzzzz1) August 11, 2026Nehal’s post noted that holding this zone keeps the bullish structure intact. If it breaks down instead, it could weaken the case for a recovery.The next hurdle sits at $1,875 resistance. A breakout above that level, especially with strong volume, could push ETH toward the $2,200 mark.Whale Buys $93.6 Million in ETHOn-chain tracker Lookonchain reported that a whale wallet labeled 0x2d59 bought another 50,000 ETH, worth about $93.6 million. The wallet then staked the coins.Whale 0x2d59, who bought 40,000 $ETH ($76.66M) a week ago, bought another 50,000 $ETH ($93.6M) 2 hours ago and staked it.https://t.co/4cDGG3kraKhttps://t.co/cyXF9wYiWN pic.twitter.com/vEA1jHylKf— Lookonchain (@lookonchain) August 11, 2026This follows an earlier purchase by the same wallet of 40,000 ETH, worth roughly $76.66 million, about a week before. Combined, the whale has now put $170 million into ETH.Staking the new coins means the wallet is unlikely to sell soon. This is one reason some traders read the move as a sign of confidence in ETH’s price.The broader market backdrop is mixed. Bitcoin has been moving lower, and that has weighed on altcoins, including ETH.Staking Hits Record High Ahead of EIP-8363Separate from the whale activity, total staked ETH has climbed to a record 41.9 million coins. That’s up from around 36 million in early 2026, even as ETH’s price fell toward $1,800.Recent staking inflows of about 28,700 ETH are smaller than earlier spikes, which topped 200,000 ETH. This suggests accumulation through staking has slowed compared to before.Ethereum Price on CoinGeckoRoughly one-third of all ETH is now staked. A proposal called EIP-8363, or “Tapered Issuance Burn,” would reduce validator rewards as that staking ratio rises.Under the plan, annual issuance would fall toward 0.8% near current staking levels, and toward zero if staking reaches 50% of supply.BitMine, the largest ETH-holding public company, now holds 5.81 million ETH. It stakes 5.07 million of that, over 87% of its total.At current rewards, BitMine earns close to $257 million a year from staking. Lower rewards under EIP-8363 would cut into that income, though BitMine has not indicated plans to sell its holdings.The post Ethereum’s (ETH) Price: Eyes $2,200 Target on Whale Accumulation appeared first on Blockonomi.