Ethereum Holds $2,000 Support — Accumulation Keeps Recovery Hopes Alive

Ethereum has shown early signs of recovery after a prolonged period of weakness that pushed prices sharply lower. The token has attempted to stabilize near key support levels around $2,000, and growing investor accumulation is helping keep recovery prospects alive.

On-chain indicators point to a shift in investor behavior. The exchange net position change has turned negative, meaning more ETH is leaving exchanges than entering them — a pattern associated with accumulation as holders move coins into private wallets rather than preparing to sell.

The Chaikin Money Flow has also risen over the past week; a move above zero would signal inflows overtaking outflows. Ethereum's hold above the 23.6% Fibonacci retracement near $2,054 is another factor that can encourage renewed participation. ETH is trading near $2,018, leaving demand under current prices but a successful bounce from the $2,000 level would first target $2,205 and then the $2,500 area.

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