Ethereum holders in ‘full-scale’ accumulation as ETH price drops below $2K

💡 DMK Insight

Ether’s recent dip below $2,000 isn’t scaring off long-term investors—quite the opposite, actually. The spike in inflows to accumulation addresses suggests that savvy traders are seizing the opportunity to buy the dip, indicating a belief that ETH’s fundamentals remain strong. This behavior often precedes price recoveries, especially when you consider that accumulation typically leads to upward pressure once selling subsides. Look for ETH to test resistance around $2,100 in the coming weeks if this trend continues. But here’s the flip side: if ETH fails to hold above $1,900, we could see a wave of stop-loss triggers that might push prices lower. Keep an eye on the 50-day moving average as a potential support level, which could provide a buffer against further declines. Overall, the market sentiment is bullish in the long run, but short-term volatility is still a risk to watch closely.