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📊 Ethereum Price Surges 60%, Driving $3.4 Billion $ETH Accumulation in 30 Days Ethereum has experienced a remarkable surge in price, up 60% over the past month, reaching $2,543. This rally is largely driven by significant accumulation by investors, totaling 1.34 million ETH worth over $3.42 billion. Despite the growth, some critical investors are beginning to exit, aiming to secure their profits before potential risks arise. 🔸 #Ethereum Investors Gobble Up Supply Ethereum’s balance on exchanges has dropped by 1.34 million ETH in the past month (April 21 to May 21), marking a significant shift in market conditions. This supply reduction is valued at over $3.42 billion and is largely due to the Pectra upgrade, which has boosted investor confidence in Ethereum’s long-term growth. The drop in exchange supply reflects a growing belief that Ethereum could continue its upward trajectory. This rush to acquire Ethereum has created a FOMO (fear of missing out) effect, contributing to the price rise. However, the macro momentum surrounding Ethereum is mixed, with long-term holders (LTHs) exhibiting behavior that suggests caution. The Age Consumed metric has spiked twice this week, indicating that significant portions of ETH are being sold by LTHs to lock in profits. This is the largest wave of selling in the past seven months, which suggests that these holders believe Ethereum may have reached its market top. The sell-off by LTHs is drawing attention to potential risks that could affect Ethereum’s future performance. 🔸 #ETH Price Rallies Ethereum price is currently trading at $2,543, marking a 60% rally over the past month. However, the price faces resistance at the $2,654 mark. Breaching this resistance is crucial for Ethereum to continue its rise. The price will likely surge beyond this level if Bitcoin forms a new all-time high (ATH), as Ethereum has a strong correlation with Bitcoin. This move could push Ethereum closer to $3,000, further solidifying its bullish outlook.

“The problem of social organization is how to set up an arrangement under which greed will do the least harm, capitalism is that kind of a system.” — Milton Friedman

$PI seriously people stop this moon shit, I am a pioneer I want it go up and I see a lot of potential in this coin but everytime it goes a cent up all these to the moon snails come out

One day we will have a top and we will go bear But it doesn't matter to you guys who were sidelined and dooming the whole way up cause you have nothing to sell anyway GG

One day we will have a pull back and eventually we will go bear But it doesn't really matter at this point to you guys who were sidelined/dooming the whole way up cause you have nothing to sell anyway GG #Bitcoin