Ethereum upgrade, the big whales awaken! ETH breaks through 2000 USD
After rebounding to 1800 USD, Ethereum (ETH) has once again entered a consolidation phase, with prices oscillating continuously between 1727 USD and 1877 USD. But don’t be fooled by the surface calm - a long-awaited explosion may be imminent!
Whales are frantically buying, is ETH being quietly 'locked up'?
Despite the price stagnation, investors have not exited the market; instead, they are buying more as prices fall. From March 10 to May 3, the number of addresses holding Ethereum surged by 22.5%, increasing from 15.53 million ETH to 19.03 million ETH. Whales have taken the lead, with one large holder withdrawing 1202 ETH worth 2.2 million USD from an exchange!
This type of action is not an isolated case. Data shows that large holders continue to withdraw ETH from exchanges, leading to an inflow-outflow ratio of exchanges dropping to -0.62%, hitting a recent low. This means that whales are 'locking up' ETH, reducing the market supply.
Retail investors are also following suit in hoarding coins
Not only the large holders, but small investors are making the same choice. In the past 7 days, there have been net outflows of ETH for 6 days, indicating that public confidence in ETH's future is warming up.
This trend has led to significant effects: the scarcity of Ethereum has surged, with the SFR index hitting an annual high of 374, indicating that the tradable ETH is rapidly decreasing.
Prices are still stagnant, but signals are clear!
Although ETH has been stuck below 1800 USD, this ongoing 'coin-snatching' behavior releases a strong market signal: confidence remains, and an explosion may not be far away!
If the accumulation by whales and retail investors continues, and selling pressure is not significant, ETH is expected to break through the consolidation range and challenge the 2000 USD mark. However, if the market remains in a tug-of-war, it may continue to oscillate.
In summary: ETH is currently like a spring being pressed down - once released, the rebound force could be astonishing!#Strategy增持比特币 #比特币战略储备 #非农就业数据来袭
