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Ethereum (ETH) Price: Surges Past $2,000 As Whales Accumulate Over 400,000 Coins

  • ETH price surged above $2,000, showing a 7.8% increase in 24 hours, sparking discussions on trend reversal.
  • Whale accumulation rose with over 400,000 ETH added to addresses in 24 hours, indicating major player interest.
  • Technical analysis points to a bullish breakout from an ascending triangle pattern with a $2,142 target.
  • On-chain metrics highlight potential selling pressure based on exchange netflow patterns.
  • Ethereum Foundation announced Holesky testnet discontinuation, replaced by Hoodi to launch Pectra upgrade.
  • ETH bounced after weeks of decline, trading at $2,029, attracting attention from traders and analysts.
  • Large ETH holders accumulated over 400,000 ETH in 24 hours, with notable inflows on March 12.
  • ETH confirmed breakout from ascending triangle with higher lows and resistance breach at $1,950.
  • Short-term forecasts eyeing $2,200 resistance level with technical indicators suggesting declining bearish momentum.
  • On-chain data signals caution with notable spikes in ETH inflows to exchanges potentially indicating selling pressure ahead.

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