Ethereum's price is maintaining stability, but key factors are quietly reshaping the market structure.
With these changes, Ethereum may be poised for a breakout.
Ethereum [ETH] enters May with momentum that cannot be ignored. Currently trading at 1,830.23 USD, ETH has risen 15.3% in just two weeks.
Though stuck below the 1,900 resistance level, don’t let that fool you; bullish signals are strongly hidden beneath the surface.
Ethereum's path to the 2K USD threshold may currently be quiet, but significant factors and internal improvements are quietly at work behind the scenes. However, as these changes take effect, FOMO is expected to erupt and push ETH into a strong price rally.
Factors driving the quiet explosion of Ethereum.
According to another report from TinTucBitcoin, the market price of Ethereum continues to trade at a discount compared to on-chain transaction volume. This suggests a mismatch between Market Value and Realized Value (MVRV).
Simply put, ETH may be fundamentally undervalued, and smart money may be positioning ahead of a broader market correction. Supporting this argument, the number of active whale addresses over the past 30 days (holding 1,000–10,000 ETH) has increased to 117.
Source: Glassnode
This surge aligns with ETH's drop to around 1,400, indicating a strategic accumulation by large entities during a tense market.
Moreover, the increase in this institutional investment is becoming increasingly evident. For example, the Ethereum ETF market has seen net capital inflows of up to 6.5 million USD, with Fidelity's FETH fund accounting for a large portion.
This institutional capital flow is like a green signal for ETH's 2K USD target - indicating that large funds may be betting on a price increase.
Structural movements are driving a new chapter for ETH.
The U.S. Securities and Exchange Commission (SEC) has approved VanEck's Ethereum ETF, code ETHV, providing investors with dual benefits from Ethereum's price volatility and staking returns of up to 5% per year.
It's no surprise that Ethereum ETFs have recently surged. These funds have shown exceptional strength, especially during the 'Trump pump' phase after the elections when millions of USD flowed in daily.
Source: Farside Investors
Now, add to this the upcoming Pectra upgrade, the stage is being set for explosive growth. Ethereum's technical upgrades, along with staking rewards, make this a double advantage for investors.
This can be seen directly through Ethereum's Total Value Locked (TVL) in DeFi, which rose from 114 billion USD to 121 billion USD in just one month.
Clearly, both large investors and retail investors are taking advantage of these opportunities, viewing Ethereum as a store of value or a staking vehicle.
All this momentum? It's reinforcing the 2K USD target for ETH this May.
Source: https://tintucbitcoin.com/ethereum-huong-toi-nguong-2k-usd-voi-etf-defi-nang-cap-moi/
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