Ethereum rose to $ 2054

Ethereum ETH $2,023.83 Bridged Ether (StarkGate) 0.32% Market capitalization $46.57 million VOL. 24 hours $1.24 billion is once again attracting investors' attention after a recovery rally that pushed the price of the crypto asset above $ 2000. At the time of publication, ETH was trading at $ 2054, which means an increase of about 8% in recent days.

Online data indicates active accumulation by major players. The address 0xAb59 purchased more than 7,000 ETH worth $ 14.57 million, while another 0×166f withdrew 20,000 ETH from Binance and Deribit within two hours. Such transactions indicate the growing interest of large investors in the asset.

Analysts also note positive changes in the Coinbase Premium index, which has gone into the black for the first time since early January. This means that ETH is trading at a slight premium on Coinbase compared to Binance, which usually signals increased demand from US investors, including institutional ones.

An additional factor is the MVRV (Market Value to Realized Value) indicator, which for Ethereum has risen from a deeply undervalued level to a moderately negative one (-5.5%). This indicates a gradual recovery of the market after a period of weakness.

Despite the positive dynamics, analysts emphasize that whether Ethereum will be able to maintain its momentum in the coming weeks will depend on macroeconomic conditions and overall market liquidity. For now, sentiment remains optimistic, and large purchases and a premium on Coinbase reinforce the scenario for further growth.