The 'Spring' of ETH Ethereum is Coming Soon
After the election of former U.S. President Trump, favorable policies have emerged. Trump has announced the nomination of former SEC commissioner Paul Atkins to serve as the next SEC chairman, a change that may lead to a more favorable regulatory environment. The SEC's previous hardline measures against DeFi projects may change, and legitimate projects are expected to receive more support. The decentralized finance project 'World Liberty Financial,' launched by the Trump family, has invested a significant amount of capital in the Ethereum ecosystem, purchasing core assets like ETH, which serves as an important 'soft' endorsement for the Ethereum ecosystem and will attract more capital attention.
Market Performance is Outstanding
Between November 22 and 27, during four trading days, the net inflow of funds into spot Ethereum ETF reached $224.9 million, while the net inflow of funds into spot Bitcoin ETF was only $35.2 million. This may be the first time that net inflows into U.S. Ethereum funds have surpassed those of spot Bitcoin ETFs. Data shows that over 90% of ETH holders are in profit, with ETH rising nearly 8% and the price increasing to over $3,590 in the past seven days. The cumulative Total Value Locked (TVL) in Ethereum's Layer 2 network has reached a historical high of over $51.5 billion, marking a cumulative TVL growth of over 205%, with Arbitrum One and Base being the main drivers of TVL growth to over $51 billion.
Expectations for Technical Upgrades
Market expectations for the Ethereum 2.0 upgrade have contributed significantly. The launch of Ethereum 2.0 aims to address the performance and security issues on its network, and it is believed that once fully implemented, it will attract more users and developers, thereby promoting the overall development of the Ethereum ecosystem.
Institutional Investor Attention
Currently, many financial institutions have included Ethereum in their investment portfolios, providing a solid foundation for the long-term development of its tokens. The entry of large institutions further enhances investors' confidence in Ethereum.
Thank you for your likes and attention!