The whale aggregation for Ethereum continues strongly:
Recently, starting from May 7th, Abraxas Capital withdrew 278,639 Ethereum from various platforms at a total cost exceeding $655 million, with an average price of $2,350.
Large companies and institutions are still accumulating Ethereum at current prices, seeing them as very attractive.
For Ethereum to reach its historical peak, it needs to double again.
The strong confidence of investors in Ethereum provides future price momentum.
After the sharp drop to levels below $1,400, a strong rebound occurred, and Ethereum returned to the forefront.
Recently, across various top-tier platforms, Ethereum has shown a clear advantage in trading volume over Bitcoin.
At the same time, various decentralized platforms within the currency network are achieving record numbers, with UNISWAP recently reaching a cumulative trading volume exceeding $3 trillion.