Despite a significant price drop to $1,843 since December, Ethereum whale wallets are showing increased accumulation, signaling confidence in the network’s future. The Pectra upgrade is anticipated to bring technical improvements, and this coincides with rising leveraged positions among traders. 6.7% growth of large holder wallets (between 1,000 and 10,000 ETH) between December and May suggests a positive outlook on the cryptocurrency’s potential for future price movements. However, market activity reveals mixed signals as Ethereum’s real-world asset adoption remains strong with $6.5B in deposits, surpassing ZKsync Era’s $2.2B. This, however, contrasts with the stagnant price, remaining below $2K. 📈