Ethereum's price surged nearly 8% in 24 hours, reaching $2,064 on March 19, buoyed by significant accumulation by large holders who added over 400,000 Ether to their balances. This bullish momentum follows a successful breakout from an ascending triangle pattern after Ether had briefly dipped below $2,000. The recent price action is characterized by higher lows and retests of resistance at $1,950. A bullish divergence in the relative strength index (RSI) indicates potential for continued upwards movement. Analysts suggest that ETH could target $2,142, contingent on flipping the 100-day exponential moving average at $2,050 into support. Accumulation addresses, defined as wallets with no outgoing transactions, saw record inflows, amassing 345,210 ETH in a single day, reflecting that large holders are capitalizing on current prices, which remain 58.4% below the all-time high.

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