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Ether inflows into accumulation addresses spike despite ETH price falling below $2,000, signalling strong investor confidence in the long term.
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.