Over half a billion dollars worth of Ethereum (ETH) purchased within a span of six days.

Ethereum's significant 48% weekly increase could potentially be traced back to a six-day purchasing frenzy allegedly spearheaded by Abraxas Capital.

, and Administrator

2025 May 16 . 11:02 AM

2 min read

Ethereum's significant 48% weekly increase could potentially be attributed to Abraxas Capital's... — Ethereum's significant 48% weekly increase could potentially be attributed to Abraxas Capital's extensive six-day buying frenzy.

Over half a billion dollars worth of Ethereum (ETH) purchased within a span of six days.

X Video Player:

Navigating through your video content's a breeze with X Video Player. Wanna speed it up a notch? Choose 2x, 1.5x, or 0.5x. Prefer to watch in slow motion? No sweat, it's all there for you. Want to put subtitles on or off? You got it! The player's got you covered, with options galore. Fancy hopping over to Humix for your video fix? Just hit 'Watch on Humix' and enjoy the ride! And hey, if you change your mind, a simple 'Back' will take you back to X Video Player.

Quality Control:

Worried about your data consumption? No worries! X Video Player has got your back with different resolution options like 1080p, 720p, and a handy 'Auto' setting that adjusts to your network speed. So, you can enjoy smooth video streaming while keeping those data costs under control.

Ethereum Shapella Upgrade Impact?

Well, Abraxas Capital, a major global asset manager, is diving headfirst into ETH, after buying a massive chunk worth $84.7 million on May 13, according to Lookonchain. This move comes at a time when Ethereum's been raking in huge price surges driven by both retail and institutional investors.

With its price skyrocketing over 48% in the last week and currently trading at $2,657, Ethereum's having quite an impressive run. This newfound confidence from big-time investors like Abraxas is sparking discussions and fueling hopes for more price growth. Although Ethereum's taken a breather and traded sideways for a bit, investors remain hopeful that the upward trend's far from over.

As for the Shapella upgrade, it seems there's some confusion, as the latest news isn't about a Shapella upgrade, but the Ethereum Pectra upgrade that improved both the execution and consensus layers back in May 2025. Regardless, the upgrade's seen positive market reactions, with experts predicting a potential upside target of $2,500 if the bullish momentum continues.

Investing in Ethereum may become popular, as Abraxas Capital, a significant global asset manager, recently purchased a large amount of Ethereum worth $84.7 million.
As a result of this investment, discussions and hopes for further price growth in Ethereum have been sparked.
In the last week, Ethereum's price has risen by over 48%, currently trading at $2,657.
Yet, despite a temporary break and sideways trading, investors remain optimistic that the upward trend will continue.
While there may be confusion about the Ethereum Shapella upgrade, experts predict a potential upside target of $2,500 if the bullish momentum remains.
This bullish outlook could potentially attract more crypto investors, with Ethereum's market cap playing a significant role in its attractiveness for both retail and institutional investors.
As such, the price prediction of Ethereum, along with other altcoins and Bitcoin, may play a key role in the crypto market, especially when whales strategically invest and create trading opportunities for others.