Ethereum Price Soars Past $2,000 as TVL Climbs 41%, Could $3K Be Next?

Ethereum’s price has surged past the $2,000 mark, breaking a six-month downtrend. Prominent investor Abraxas Capital has been buying ETH aggressively, signaling increasing potential for a price surge. The timing of these transfers coincides with bullish technical advancements for Ethereum. 74,304 ETH worth approximately $135.46 million were withdrawn from Binance and Kraken by Abraxas Capital. These moves come as the market shows signs of optimism following macroeconomic easing.