Ethereum whales suddenly take action! A $2.2 million large order ignites the market, is $2000 just around the corner?

After a long period of silence, Ethereum is finally about to make a big move! In the past week, the Ethereum market has been quietly surging, with whale players secretly positioning themselves. Data shows that a mysterious large holder has just withdrawn 1,202 ETH from the exchange, worth as much as $2.2 million. This operation has instantly ignited market enthusiasm; could Ethereum really be on the verge of breaking through the $2000 barrier?

For the past two months, Ethereum has been fluctuating between $1727 and $1877. Behind the seemingly calm market, however, lies hidden intrigue. Surprisingly, despite stagnant prices, investors are hoarding coins at a furious pace. Recent statistics show that the number of Ethereum holding addresses has surged by 22.5% in just two months, from 15.53 million to 19.03 million. Even more astonishing, the inventory of ETH on exchanges is rapidly decreasing, with an outflow ratio hitting a recent low of -0.62%.

This coin hoarding frenzy has directly led to a sharp decline in market circulation. The latest SFR indicator has soared to a yearly high of 374, which means that each ETH is spending less and less time on the market. From whales to retail investors, the entire market is engaged in a "scramble for shares," with net outflow occurring on 6 out of the last 7 days.

Market analysts point out that this ongoing hoarding behavior is accumulating tremendous upward momentum. Currently, although the price of Ethereum is still hovering below $1800, the drastic changes in supply and demand relations could trigger a price breakout at any moment. If this trend continues, the target of $2000 may soon be realized. However, cautious investors have also warned that before breaking key resistance levels, the oscillating market may continue for some time.

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