Abraxas Capital Injects $14.15M in ETH into Aave, Boosting Price Prediction

Abraxas Capital, an institutional investor, made a significant move in the crypto market by depositing 8000 ETH worth $14.15M into Aave.

This large-scale deposit has impacted the Ethereum price prediction, with some analysts predicting a bullish trend above the EMA50 at $1723.01.

The RSI sits at 61.92 and MACD prints a death cross, suggesting a potential healthy retracement toward the EMA200 support at $1748.31 before continuation.