Ethereum Market Buildup: $400 Million Accumulated in 3 Days Signals Potential Price Surge

Recent activity by major players like Abraxas Capital has amplified the excitement surrounding Ethereum, pushing its price to new heights. In just three days, this prominent investor amassed a staggering $399 million worth of ETH through exchanges, contributing to the dramatic price surge that saw it climb from around $1,800 to peak at $2,600 – a nearly 44% increase in a week. This large-scale accumulation hints at substantial institutional involvement driving current market momentum.