$ETH

ETH has experienced a remarkable rally, with a 20–30% weekly gain, marking its best week since May 2021.

It surged 21% on Thursday, May 8, its highest single-day gain in four years, and is currently trading above $2,500, having reclaimed the $2,000 psychological level.

The rally is attributed to increased buying pressure from both retail and institutional investors, with 180,000 ETH withdrawn from exchanges and firms like Abraxas Capital pulling 138,511 ETH ($297 million) from Binance