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Ethereum Price Surges After $17.5M Stake, Institutional Accumulation?

  • The price of Ethereum surged to $4,000 once again after two multisign wallets withdrew their first ETH and staked them.
  • The withdrawals, worth $17.54 million, were executed by wallets with a common creator address and belonged to a potential institution.
  • The timing of these transactions aligns perfectly with Ethereum's recovery to $4,000, suggesting a potential influence on the market.
  • The interest of institutions in Ethereum is growing, as indicated by the confidence shown in staking ETH at this price level.

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