quote $$ETH #TradeStories
Despite the relatively stable price of Ethereum #$ETH at around $ 2,500, there are signs of a possible large-scale wave of growth. In recent weeks, there has been activity in the network indicating accumulation of assets by major players, which could herald a breakout towards the $ 9,000 mark.
In particular, the volume of locked assets in Ethereum's decentralized finance protocols has increased from less than $ 55 billion in April to nearly $ 63 billion in May. This indicates an increase in user interaction with the platform. The number of large transactions exceeding $ 1 million has reached a five-month high, suggesting active preparation for potential growth.
From a technical perspective, Ethereum is demonstrating a classic formation of a 'fan-shaped wedge', which has historically often preceded sharp price jumps.
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