Ethereum recently dipped below $2,000, but there are signs suggesting it might be a temporary decline. Crypto analytics firm Santiment noted significant dormant movement on the Ethereum network, with two addresses moving long-standing ETH untouched for nearly five years. Dormant asset movement often indicates major price shifts in a positive direction. The mean dollar invested age line has decreased over the past week, indicating a decline in the average age of investments in addresses, which favors a bullish market setup. Two Ethereum addresses accumulated 150,000 ETH in November 2018 and sold their entire holdings on April 18, 2023, suggesting some insight into market movements. The timing of the 2018 accumulation could suggest that the addresses had knowledge about the market's future trajectory.

(By Siamak Masnavi)