Ethereum is heading towards the 2K USD threshold with ETF, DeFi, new upgrades.

* The price of Ethereum is maintaining stability, but key factors are quietly reshaping the market structure.

• With these developments, Ethereum may be preparing for a breakout.

Ethereum [ETH] enters May with unstoppable momentum. Currently trading at 1,830.23 USD, ETH has increased by 15.3% in just two weeks.

Although trapped below the resistance level of 1,900, don't let that fool you, strong bullish signals are lurking beneath the surface.

Ethereum's path to the 2K USD threshold may currently be quiet, but significant factors and internal improvements are silently working behind the scenes. However, as these changes take effect, FOMO is expected to surge, propelling ETH into a strong price rally.

Factors Driving the Quiet Surge of Ethereum

According to another report from TinTucBitcoin, the market price of Ethereum continues to trade at a discount compared to the on-chain trading volume. This suggests a mismatch between Market Value and Realized Value (MVRV).

Simply put, ETH may be undervalued fundamentally, and smart money may be positioning itself ahead of a broader market correction. Supporting this argument, the number of active whale addresses in the past 30 days holding between 1,000–10,000 ETH has increased to 117.

Source: Glassnode

This increase aligns with the drop of ETH to around 1,400, indicating the strategic accumulation by large entities during times of market stress.

Furthermore, the increase in institutional investment is becoming increasingly clear. For example – The Ethereum ETF market has seen net inflows of up to 6.5 million USD, with Fidelity's FETH fund accounting for the majority.

This institutional capital flow is like a green signal for ETH's 2K USD target – indicating that large amounts of money may be betting on a price increase.

Structural movements drive a new chapter of Ether

The U.S. Securities and Exchange Commission (SEC) has approved VanEck's Ethereum ETF, code ETHV, providing investors with the dual benefits of Ethereum price volatility and staking rewards of up to 5% per year.

It's no surprise that Ethereum ETFs have recently exploded. These funds have shown outstanding strength, especially during the post-election "Trump pump" period when millions of dollars poured in every day.

Source: Farside Investors

Now let's add to the upcoming Pectra upgrade, the context is being set for exceptional growth. The technical upgrades of Ethereum combined with staking rewards make this a double advantage for investors.

This can be seen directly through the Total Locked Value (TVL) of Ethereum in DeFi, which increased from 114 billion USD to 121 billion USD in just one month.

Clearly, both large investors and retail investors are taking advantage of these opportunities, viewing Ethereum as a store of value or a means of staking.

All this momentum? It's reinforcing the 2K USD target for ETH this May.

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