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Ethereum Weekly Gains Approaching 30%, Poised for Best Single-Week Performance in 4 Years

BlockBeats News, May 9th, according to market data, Ethereum has seen a weekly gain of 27.93% this week, poised to achieve its largest weekly gain since 2021.


Looking back at Ethereum's recent performance, it previously hit a 32.4% gain in a week on May 3, 2021, and in November last year, Ethereum also saw a weekly gain of 31.38%.

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Institutional Interest in Ethereum is Growing, with the Nasdaq-listed company SharpLink Gaming purchasing a large amount of ETH as its primary reserve asset, emulating MicroStrategy's Bitcoin strategy. At the same time, other companies such as Bitmine Immersion are also raising funds specifically for the purchase of ETH.
The most important infrastructure for stablecoins and on-chain finance (DeFi) is Ethereum.
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