The price of Ethereum (ETH) continued its upward trend on May 3rd, reaching a value of $2330.68 with a 24-hour change of +0.16%. This slight increase marks another day of steady growth for the cryptocurrency.
A recent development in the ETH market has seen a 'whale' significantly increase its long position in the coin. The whale's new position is valued at over $30 million, with a liquidation price set at $2,229. This substantial investment suggests confidence in the future of Ethereum.