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$ETH to $2,800? The Data Says Yes, But There’s a Catch.
On-chain data for March 2026 shows a massive "Vertical Accumulation." 🐋 Whales have drained 7 million ETH off exchanges, and institutional treasuries like Bitmine now own nearly 4% of the total supply.
So why are we still sideways?
The "Catch" is a massive 60-day staking queue. 3.4 million ETH is stuck waiting to enter the network, locking up liquidity and slowing down the price engine. Plus, with L2s being so efficient, the "ETH burn" is cooling off.
My Neutral Strategy:
$ETH is spring-loaded. We are watching the $2,150 resistance. A clean break there targets $2,800. Until then, the whales are just playing a game of patience. Are you? 🥂
#Ethereum #ETH #WhaleAlert #BinanceSquare #MerriCrypto