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Ethereum accumulation addresses have witnessed a surge in daily inflows since Friday, suggesting growing confidence in Ether’s (ETH) long-term price trajectory despite its latest drop below $2,000.
Key takeaways:
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Ether’s drop below $2,000 has left 58% of addresses with unrealized losses.
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Accumulation addresses have absorbed about $2.6 billion in ETH over five days.
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Key Ether levels to watch below $2,000 include $1,800, $1,500, $1,200, and potentially $1,000-$750 in extreme scenarios.
