In the past few days, Ethereum has experienced a strong recovery, rising from below $2000 to nearly $2700. Ethereum may be poised to continue its ascent towards $3000 in the near future for three specific reasons, although some of this rise can be attributed to the general market momentum. There has been one of the largest accumulation spikes in years in addresses holding 10,000-100,000 Ethereum.

These wallets typically belong to individuals, funds, and institutions with high net worth. These organizations tend to position themselves ahead of significant moves rather than chasing prices. The volume and speed of this accumulation indicate confidence in Ethereum's medium-term trajectory. Historically, large whale accumulation has preceded noteworthy price surges, and it seems this time is no exception.

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