The post Ethereum’s Bullish Momentum: ETF Buzz Fuels Trader Speculation on ETH Price appeared first on Coinpedia Fintech News
Ethereum (ETH) has seen a gradual resurgence in price over the past five days, demonstrating resilience by holding firm around the $1,610 support level. Nonetheless, Ethereum’s funds have been experiencing a dwindling trend in cash inflow over recent weeks. According to data aggregated by Defillama, the Total Value Locked (TVL) in the Ethereum network has fallen from a high of over $31 billion in April this year to approximately $21.59 billion.
Furthermore, a recent report from CoinShares indicates that Ethereum funds have seen a year-to-date decline of about $102 million, with a weekly drop of approximately $3.2 million. Despite these challenges, Ethereum maintains its dominance in the realm of DeFi and smart contracts, boasting a stablecoins market capitalization of over $66 billion.
Ethereum ETF Gains Momentum
#ArkInvest & #21Shares are bidding for
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