Ethereum Surges Above $2,600, Up 40% in 3 Days, Outperforming Bitcoin Amid $93.7M Whale Bitcoin Purchase

Ethereum (ETH) has experienced a notable price surge, reclaiming and surpassing the $2,500 mark, reaching as high as $2,600 in early May 2025. This rally marks the highest price for ETH since February 2025. Over the past three days, Ethereum's price increased by approximately 40%, the largest three-day rise since January 2021 and the second-largest in eight years. The cryptocurrency has outperformed Bitcoin (BTC) by a ratio of 2:1 over the last 30 days and has risen over 80% in the past month. Market activity indicates strong accumulation by large investors, or whales, who have been aggressively buying both Ethereum and Bitcoin. Notably, a single whale purchased $93.7 million worth of Bitcoin from Binance, contributing to a total of around $179 million in Bitcoin acquisitions over two days. Additionally, large transfers of Ethereum and Bitcoin have been observed moving between wallets and exchanges, signaling heightened market activity. Ethereum's upward momentum is seen as a sign of a broader 'utility season' in the crypto market, with some analysts projecting Ethereum could reach $4,000 or even $10,000 in the current cycle.This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io