• bitcoinBitcoin (BTC) $ 107,852.00
  • ethereumEthereum (ETH) $ 2,531.18
  • tetherTether (USDT) $ 0.999916
  • xrpXRP (XRP) $ 2.29
  • bnbBNB (BNB) $ 659.71
  • solanaSolana (SOL) $ 150.03
  • usd-coinUSDC (USDC) $ 0.999871
  • tronTRON (TRX) $ 0.286098
  • dogecoinDogecoin (DOGE) $ 0.167347
  • staked-etherLido Staked Ether (STETH) $ 2,528.71
  • cardanoCardano (ADA) $ 0.578847
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 107,685.00
  • hyperliquidHyperliquid (HYPE) $ 38.88
  • wrapped-stethWrapped stETH (WSTETH) $ 3,054.21
  • suiSui (SUI) $ 2.86
  • bitcoin-cashBitcoin Cash (BCH) $ 490.89
  • chainlinkChainlink (LINK) $ 13.38
  • leo-tokenLEO Token (LEO) $ 9.01
  • stellarStellar (XLM) $ 0.248712
  • avalanche-2Avalanche (AVAX) $ 17.94
  • usdsUSDS (USDS) $ 0.999709
  • the-open-networkToncoin (TON) $ 2.77
  • wrapped-eethWrapped eETH (WEETH) $ 2,712.59
  • shiba-inuShiba Inu (SHIB) $ 0.000012
  • hedera-hashgraphHedera (HBAR) $ 0.158084
  • wethWETH (WETH) $ 2,531.96
  • litecoinLitecoin (LTC) $ 85.48
  • whitebitWhiteBIT Coin (WBT) $ 44.90
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999645
  • moneroMonero (XMR) $ 317.69
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 107,863.00
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • polkadotPolkadot (DOT) $ 3.36
  • bitget-tokenBitget Token (BGB) $ 4.29
  • uniswapUniswap (UNI) $ 7.30
  • aaveAave (AAVE) $ 280.90
  • pepePepe (PEPE) $ 0.000010
  • daiDai (DAI) $ 0.999960
  • pi-networkPi Network (PI) $ 0.456840
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.18
  • okbOKB (OKB) $ 48.21
  • bittensorBittensor (TAO) $ 320.79
  • aptosAptos (APT) $ 4.44
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • jito-staked-solJito Staked SOL (JITOSOL) $ 182.21
  • nearNEAR Protocol (NEAR) $ 2.15
  • internet-computerInternet Computer (ICP) $ 4.76
  • crypto-com-chainCronos (CRO) $ 0.080934
  • ethereum-classicEthereum Classic (ETC) $ 16.44
  • ondo-financeOndo (ONDO) $ 0.776879
  • susdssUSDS (SUSDS) $ 1.06
  • usd1-wlfiUSD1 (USD1) $ 0.998231
  • kaspaKaspa (KAS) $ 0.074781
  • fasttokenFasttoken (FTN) $ 4.44
  • mantleMantle (MNT) $ 0.566251
  • gatechain-tokenGate (GT) $ 15.50
  • cosmosCosmos Hub (ATOM) $ 4.03
  • vechainVeChain (VET) $ 0.020435
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.661902
  • bonkBonk (BONK) $ 0.000022
  • official-trumpOfficial Trump (TRUMP) $ 8.59
  • skySky (SKY) $ 0.078676
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.183412
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 107,679.00
  • ethenaEthena (ENA) $ 0.256827
  • arbitrumArbitrum (ARB) $ 0.329243
  • render-tokenRender (RENDER) $ 3.15
  • filecoinFilecoin (FIL) $ 2.27
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,527.87
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.48
  • algorandAlgorand (ALGO) $ 0.174469
  • worldcoin-wldWorldcoin (WLD) $ 0.866528
  • usdtbUSDtb (USDTB) $ 0.999787
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.998054
  • sei-networkSei (SEI) $ 0.256760
  • kucoin-sharesKuCoin (KCS) $ 11.00
  • binance-staked-solBinance Staked SOL (BNSOL) $ 158.61
  • usdt0USDT0 (USDT0) $ 0.999912
  • jupiter-exchange-solanaJupiter (JUP) $ 0.434033
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,654.75
  • nexoNEXO (NEXO) $ 1.21
  • spx6900SPX6900 (SPX) $ 1.28
  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,884.12
  • fartcoinFartcoin (FARTCOIN) $ 1.17
  • flare-networksFlare (FLR) $ 0.016343
  • celestiaCelestia (TIA) $ 1.57
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 0.999901
  • xdce-crowd-saleXDC Network (XDC) $ 0.065366
  • injective-protocolInjective (INJ) $ 10.40
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.998619
  • blockstackStacks (STX) $ 0.646681
  • sonic-3Sonic (S) $ 0.306761
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.48
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,706.26
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.11
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 2,660.04
  • optimismOptimism (OP) $ 0.540592
  • pax-goldPAX Gold (PAXG) $ 3,337.14
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.014621
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 107,605.00
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 107,706.00
  • story-2Story (IP) $ 3.10
  • wbnbWrapped BNB (WBNB) $ 659.00
  • paypal-usdPayPal USD (PYUSD) $ 0.999920
  • kaiaKaia (KAIA) $ 0.148665
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,656.37
  • dogwifcoindogwifhat (WIF) $ 0.843921
  • clbtcclBTC (CLBTC) $ 109,014.00
  • tether-goldTether Gold (XAUT) $ 3,329.69
  • the-graphThe Graph (GRT) $ 0.082999
  • flokiFLOKI (FLOKI) $ 0.000081
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 168.13
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.25
  • immutable-xImmutable (IMX) $ 0.416298
  • vaultaVaulta (A) $ 0.478791
  • msolMarinade Staked SOL (MSOL) $ 196.08
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 2,736.75
  • ousgOUSG (OUSG) $ 111.69
  • superstate-short-duration-us-government-securities-fund-ustbSuperstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 10.74
  • curve-dao-tokenCurve DAO (CRV) $ 0.502224
  • theta-tokenTheta Network (THETA) $ 0.684215
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.998125
  • lido-daoLido DAO (LDO) $ 0.727793
  • galaGALA (GALA) $ 0.014068
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.09
  • jito-governance-tokenJito (JTO) $ 1.83
  • zcashZcash (ZEC) $ 38.33
  • wrapped-hypeWrapped HYPE (WHYPE) $ 38.97
  • saros-financeSaros (SAROS) $ 0.234488
  • ethereum-name-serviceEthereum Name Service (ENS) $ 18.44
  • iotaIOTA (IOTA) $ 0.157657
  • bittorrentBitTorrent (BTT) $ 0.00000061
  • the-sandboxThe Sandbox (SAND) $ 0.242576
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 107,302.00
  • jasmycoinJasmyCoin (JASMY) $ 0.012137
  • usual-usdUsual USD (USD0) $ 0.997754
  • raydiumRaydium (RAY) $ 2.17
  • aerodrome-financeAerodrome Finance (AERO) $ 0.673868
  • super-oethSuper OETH (SUPEROETH) $ 2,530.29
  • tbtctBTC (TBTC) $ 107,582.00
  • syrupMaple Finance (SYRUP) $ 0.521458
  • pendlePendle (PENDLE) $ 3.37
  • newton-projectAB (AB) $ 0.008324
  • pyth-networkPyth Network (PYTH) $ 0.095827
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 2,705.18
  • tezosTezos (XTZ) $ 0.520032
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 2,531.07
  • falcon-financeFalcon USD (USDF) $ 1.00
  • walrus-2Walrus (WAL) $ 0.393311
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 2,657.11
  • flowFlow (FLOW) $ 0.325970
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 107,850.00
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,532.67
  • decentralandDecentraland (MANA) $ 0.262555
  • bitcoin-svBitcoin SV (BSV) $ 25.06
  • coredaoorgCore (CORE) $ 0.491435
  • true-usdTrueUSD (TUSD) $ 0.997014
  • ripple-usdRipple USD (RLUSD) $ 0.999920
  • apecoinApeCoin (APE) $ 0.604571
  • staked-hypeStaked HYPE (STHYPE) $ 39.00
  • venomVenom (VENOM) $ 0.226372
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999801
  • chain-2Onyxcoin (XCN) $ 0.013615
  • thorchainTHORChain (RUNE) $ 1.32
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  • usddUSDD (USDD) $ 1.00
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  • heliumHelium (HNT) $ 2.31
  • kavaKava (KAVA) $ 0.392336
  • based-brettBrett (BRETT) $ 0.042623
  • hashnote-usycCircle USYC (USYC) $ 1.09
  • usdbUSDB (USDB) $ 0.998648
  • reserve-rights-tokenReserve Rights (RSR) $ 0.006988
  • starknetStarknet (STRK) $ 0.111423
  • stader-ethxStader ETHx (ETHX) $ 2,692.99
  • dydx-chaindYdX (DYDX) $ 0.519437
  • movementMovement (MOVE) $ 0.150034
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  • compound-governance-tokenCompound (COMP) $ 40.64
  • mog-coinMog Coin (MOG) $ 0.00000097
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  • ecasheCash (XEC) $ 0.000018
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 2,529.71
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  • aioz-networkAIOZ Network (AIOZ) $ 0.303052
  • polygon-pos-bridged-dai-polygon-posPolygon PoS Bridged DAI (Polygon POS) (DAI) $ 0.999843
  • ether-fiEther.fi (ETHFI) $ 0.955810
  • deepDeepBook (DEEP) $ 0.143075
  • kaitoKAITO (KAITO) $ 1.47
  • axie-infinityAxie Infinity (AXS) $ 2.12
  • eigenlayerEigenCloud (prev. EigenLayer) (EIGEN) $ 1.12
  • telcoinTelcoin (TEL) $ 0.003780
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 2,793.63

Ethereum Price Surges 60%, Driving $3.4 Billion ETH Accumulation in 30 Days

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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.

Ethereum Price Surges 60%, Driving $3.4 Billion ETH Accumulation in 30 Days

Ethereum Balance On Exchanges. Source: Glassnode

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. If this trend of profit-taking continues, it could hinder the cryptocurrency’s growth prospects.

Ethereum Price Surges 60%, Driving $3.4 Billion ETH Accumulation in 30 Days

Ethereum Age Consumed. Source: Santiment

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. If the broader market remains positive, Ethereum’s price could see continued upward momentum.

Ethereum Price Surges 60%, Driving $3.4 Billion ETH Accumulation in 30 Days

Ethereum Price Analysis. Source: TradingView

However, the market comes with its risks. If the selling pressure from LTHs intensifies and the accumulation phase halts, Ethereum’s price may struggle to maintain its upward trajectory. Losing support at $2,344 would likely lead to a decline towards $2,141, invalidating the current bullish thesis and creating a bearish outlook for the cryptocurrency.

Source

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