Analysts grow concerned as $2 billion in Ethereum flood exchanges

• As Ethereum gas fees surge, it is getting expensive to transact on the Ethereum blockchain. 
• Lower value non-fungible tokens may be hit hard with rising Ethereum gas fees that could eliminate the bottom of the NFT market.
• $2 billion worth of Ethereum deposited to exchange wallets may belong to whales looking to take profits. 

Ethereum’s climb toward its May all-time high of $4,356.99 is interrupted by the ongoing consolidation. Nearly 600,000 Ether was deposited to…