#TradeStories #MostRecentTrade

On May 8, 2025, Ethereum (ETH) saw notable market activity on Binance. The price surged to around $2,339, marking one of its strongest single-day performances since late 2024. This rally was partly driven by a massive withdrawal of over 41,000 ETH—worth approximately $75 million—by institutional investor Abraxas Capital. Large withdrawals like this often suggest long-term holding strategies and reduced selling pressure, which can support bullish momentum.

Binance also released its May proof-of-reserves report, confirming that Ethereum and other major tokens remain over 100% backed. This transparency has further strengthened investor confidence in both the platform and the coin. Market analysts are optimistic, with projections suggesting ETH could reach between $14,000 and $18,000 by the end of 2025, depending on regulatory developments and ETF approvals. As institutional interest grows and the network matures, Ethereum continues to solidify its role as a leading force in the crypto space.