Ether (ETH) dropped below $2,000, marking a 20% loss in February, but long-term investors are accumulating, with over 2.5 million ETH flowing into addresses. Weekly transactions hit 17.3 million with fees dropping to $0.008. Open interest is at $11.2 billion, with leveraged traders watching for a breakout above $2,150.

Despite the price drop, ETH accumulation addresses added 2.5 million ETH in February, increasing total holdings to 26.7 million. Network demand is rising, with over 30% of circulating supply staked and weekly transactions hitting an all-time high of 17.3 million. Fees fell to $0.008, reflecting higher usage at lower costs.

Ether is forming an Adam and Eve bottom pattern, potentially signaling a bullish reversal if it breaks above $2,150. Open interest has decreased to $11.2 billion, with leverage still concentrated in the system. 73% of global accounts are long on ETH, with liquidation heatmaps showing potential squeeze risks to the upside.

Read more at Cointelegraph: Ether May Retest $2.5K Soon If This Pattern Plays Out