$ETH Has captured the attention of the crypto market this month, registering a significant increase in its price and activity. Currently, ETH is trading around $2,562.91 USD, showing a solid and sustained recovery.

Key factors behind this momentum:

Accumulation by large investors: Crypto whales have increased their positions in ETH, with a 373% increase in net inflow from large holders during the second week of May.

'Pectra' update: The recent implementation of the Pectra update has improved the efficiency and scalability of the Ethereum network, generating excitement among developers and investors.

Positive market sentiment: Stability in interest rates by the U.S. Federal Reserve has favored risk assets, including cryptocurrencies, boosting demand for ETH.

With these developments, Ethereum positions itself as one of the most promising cryptocurrencies in the current landscape.