Ethereum is experiencing a notable surge in price, climbing from under $2,000 to nearly $2,700 as institutional investors and large holders contribute to this bullish momentum. On-chain analytics show significant accumulation of ETH by wallets with substantial holdings, often associated with institutions like hedge funds and high-net-worth individuals. This action signifies growing confidence in the Ethereum’s medium-term value proposition. The Pectra upgrade has further boosted interest in staking, leading to an increase in ETH locked into staking contracts. The combined effects of reduced supply and long-term accumulation are driving price upward momentum, particularly as investors seek out securitization and yield-earning opportunities.