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The Ethereum price soared 35% in the last week despite dropping 2% in the previous 24 hours to trade at $2,549 as of 4:45 a.m. EST on trading volume that plunged 35% to $24.5 billion.
That comes as Abraxas Capital became one the largest whales in the Ethereum (ETH) market after purchasing $477.6 million worth of ETH in the last 6 days.
Abraxas Capital bought another 33,482 $ETH($84.7M) in the past 12 hours, bringing their total purchases over the last 6 days to 211,030 $ETH($477.6M).https://t.co/qZZkGndZEd pic.twitter.com/mOIdthyWUG
— Lookonchain (@lookonchain) May 13, 2025
In another huge purchase, Fidelity has acquired ETH worth $5.9 million, which signals increased institutional interest and the accumulation of ETH by major market players.
Also seen as a boost, publicly traded BTCS has announced a $57.8 million financing agreement led by investment firm ATW Partners to purchase ETH as it expands its blockchain infrastructure strategy.
BTCS Inc. has arranged financing to buy up to $57.8M Ether ($ETH)
The company has entered into an agreement for the issuance of convertible notes led by ATW Partners LLC.
This capital infusion enables us to expand our Ethereum validator node operations and increase ETH… pic.twitter.com/WhxTHaEY2F
— BTCS Inc. (Nasdaq: BTCS) (@NasdaqBTCS) May 14, 2025
BTCS CEO Charles Allen said the move follows Strategy’s (formerly MicroStrategy’s) high-profile Bitcoin accumulation blueprint and will leverage Ethereum for long-term growth.
Ethereum Price Could Still Soar – Targets A 52% Surge
The ETH price chart recently completed a significant reversal after a prolonged decline within a falling channel.
That bearish structure was eventually broken to the upside, leading into the formation of a rounded bottom pattern. This classic bullish reversal pattern was confirmed with a strong breakout rally that pushed the Ethereum price above both its 50-day and 200-day Simple Moving Averages (SMAs), indicating a shift in trend, as GeckoTerminal data shows.
Meanwhile, the Relative Strength Index (RSI) currently reads 72.14, signaling overbought conditions, which could lead to short-term consolidation or a minor pullback.
Moreover, the Moving Average Convergence Divergence (MACD) shows bullish momentum, with the MACD line well above the signal line and expanding histogram bars. The price of Ethereum also reclaimed the 200-day SMA at $2,702.23, a critical technical milestone, which now acts as resistance-turned-support.
With a confirmed breakout from a rounded bottom and strong momentum, the Ethereum price appears primed for further upside. A potential price target of around $4,000, a 52% move from the breakout level, is possible.
However, given the overbought RSI, a short-term cooldown may precede the continuation of the rally. In this scenario, $1,853 (50-day SMA level) acts as a probable and a strong support.
Meanwhile, investors are piling into a new AI project called SUBBD Token (SUBBD). According to influential YouTuber ClayBro, with over 136K subscribers, SUBBD has the potential to be the next 100X crypto.
SUBBD Presale Racing Toward The $400K Mark – Best Crypto To Buy?
For the creator economy to evolve, it needs better tools, smarter monetization models, and AI-powered systems built to serve creators, not exploit them. SUBBD is leading that future, offering a clean, powerful alternative where creators don’t need to chase spectacle to succeed.
With AI-driven subscription tools, direct-to-fan monetization, and crypto-native ownership, SUBBD is setting a new standard for what the next generation of creator platforms should be.
A little more than a month ago, SUBBD launched its ICO and has already raised over $399k, and this is just the beginning. The SUBBD token powers a growing creator economy built around a 250 million combined following network backed by over 2,000 top-tier influencers.
📬 You’re invited to the inner circle. 💋
Holding $SUBBD unlocks Community Governance!
That means you get to call some of the shots:
🗳️ Which features drop next
🔥 Which creators steal the spotlight
🎨 What themes take over the feed
💋 Who joins the Honeys nextPower’s never… pic.twitter.com/twPiqCO9SK
— SUBBD (@SUBBDofficial) April 28, 2025
SUBBD offers creators intuitive, organized structures and advanced technology that help them efficiently manage content and subscriber requests, reduce workload, and increase productivity.
Now, with the integration of a decentralized digital asset, creators can also unlock new income streams and greater earning potential without middlemen taking a cut.
Buy And Stake SUBBD For 20% Annual Rewards
SUBBD token holders also have an opportunity to earn passively through the project’s staking platform, which offers a massive 20% annual percentage yield (APY).
Investors interested in participating in the presale can visit the official SUBBD website to buy SUBBD tokens for $0.0554 each using crypto or a bank card.
Buy before a price hike in about 2 hours to lock in the best presale deal.
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