Recently, starting from May 7, 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 from current prices and see its prices as very attractive.
⭕️ For Ethereum to reach its historical peak, it needs another double.
⭕️ The strong confidence of investors in Ethereum gives it future price momentum.
⭕️ After the sharp drop to levels below $1,400, a strong rebound occurred and Ethereum returned to the forefront.
⭕️ Recently, there has been a clear advantage for Ethereum in trading volume over Bitcoin across various first-tier platforms.
⭕️ At the same time, various decentralized platforms of the currency network are achieving record numbers, the latest being UNISWAP reaching a cumulative trading volume exceeding $3 trillion.