Ethereum's price performance has been impressive lately, surpassing $2,600 and showcasing a strong resurgence. According to a popular trader, Axel Bitblaze, Ethereum seems set to overtake Bitcoin in the coming months.
Key Factors Driving Ethereum's Growth - Institutional Demand:BlackRock's reported purchase of 7,976 ETH, worth around $18.9 million, and push for staking exchange-traded funds could introduce real, yield-generating institutional demand.
- Whale Accumulation:On-chain data shows that whales have purchased 138,511 ETH, worth about $337 million, in the past 48 hours, bringing momentum to the Ethereum price.
- Increased Liquidity: More liquidity seems to be flowing into Ethereum than Bitcoin, with ETH's trading volume surpassing BTC's volume for the first time in years.
- Pectra Upgrade:The Ethereum Pectra upgrade, which went live on May 7, has been a deflationary factor, with around 38,000 ETH burned in just a few days, increasing deflationary pressure.
Market Performance - Current Price:Ethereum's current price is around $2,483.34, with a slight decrease of 0.12% in the last 24 hours.
-Recent Gains: However, ETH has reflected an over 10% increase in the past 24 hours, and more than 40% in the last seven days.
-Market Cap: Ethereum's market cap stands at $290.46 billion.
Future Projections According to Axel Bitblaze, Ethereum's price could travel toward $2,800 or even $3,000 before seeing any major correction. However, the trader advises investors to exercise caution due to the market sentiment being overheated at the moment. $ETH #ETHCrossed2500
I have some heartfelt words to share with everyone
When you are young, you should eat, drink, have fun, fall in love, and travel more. What’s the point of life when you’re old and have no desires? You should only marry if you are in love; however, marriages among the lower class in China are not happy because marriage is tied to housing. Marriage should be based on mutual love, but in China, you cannot get married without a house, or you have to carry decades of mortgage debt just to get married. Once you have a mortgage, you save every penny every month, leaving no chance to travel or enjoy life. If you have savings of hundreds of thousands, you can actually travel to many countries; there’s no need to bind yourself in marriage. I hope you can choose the right life and not become the cattle and horses of the upper class; pursue your own freedom.
After working hard all your life, what’s the use when you’re old? When you’re old, you have no desires, no appetite, no sexual desire; what’s the point of traveling then? Your 20s to 30s are the most youthful and beautiful times in life; during this period, you should eat, drink, have fun, and enjoy life. The top second-generation rich people I know are like this; they don’t study or work, but they have money. The privileged class tries to brainwash the lower class by creating division, making others look down on the second-generation rich, and making them feel that being extravagant and enjoying life when they are young is shameful.
Keeping ordinary people happy by working for themselves helps maintain social balance. The slaves continue to work like cattle and horses. If the slaves knew that the lives of the second-generation rich were the ideal life—without having to work, living happily every day—they would become dissatisfied with society, start to lay flat, and not buy houses, which would indirectly affect the stability of society. Therefore, I hope you will be happy; being happy is the most important thing. Don’t become the leeks of the privileged class; don’t become their cattle and horses.
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