Ethereum Sees Two Million ETH Flood Exchanges Amid Undervaluation: Is This a Buying Opportunity?

Recent market activity on Ethereum has shown a significant influx of exchange deposits totaling two million ETH. This surge in exchange volume occurs despite Ethereum’s prices still hovering below key support levels, raising questions about the potential for both short-term gains and long-term bearish trends. 2022 saw a similar pattern: price drops triggered large holders to sell their positions before rebounding. Analysts suggest this may repeat itself.