- Citi Bank evaluated that "Ethereum has fallen more than 20% this year, but its fundamentals are improving."
- The significant increase in Ethereum's Total Value Locked (TVL) and the net inflow of spot ETFs reaching $3.2 billion were positively mentioned.
- The $200 million worth of Ethereum held by WLFI indicates the U.S. government's intention to strengthen support for virtual assets.
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An analysis has emerged indicating that the fundamentals of Ethereum (ETH) are improving.
According to CoinDesk on the 10th (local time), Citi Bank stated in a report that "Ethereum has fallen more than 20% this year," but also evaluated that "Ethereum's fundamentals are improving."
Citi mentioned, "Although Ethereum user activity has been volatile in recent weeks, it is not a fundamental issue," and noted that "Ethereum's Total Value Locked (TVL) has significantly increased." Furthermore, they added that "since last November, the net inflow of Ethereum spot ETFs has been positive," with $3.2 billion flowing in since its launch in July. Additionally, the increase in Ethereum's search volume was also highlighted as a positive factor.
Moreover, attention was drawn to the actions of World Liberty Financial (WLFI), a decentralized finance (DeFi) project by the Trump family. Citi stated, "WLFI holds $200 million worth of Ethereum," which shows the U.S. government's intention to strengthen support for virtual assets.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBitPiCK News
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