ETH Ethereum's "spring" is coming soon
Former U.S. President Trump brings favorable policies after being elected. Trump announced the nomination of former SEC Commissioner Paul Atkins to serve as the next SEC Chairman, which could make the regulatory environment more friendly. The SEC's previous tough 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 within 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.
The market performed excellently
Between November 22 and 27, in four trading days, net inflow of funds into the spot Ether ETF reached $224.9 million, while the net inflow of funds into the spot Bitcoin ETF only reached $35.2 million. This may indicate that the net inflow of funds into U.S. Ether funds has surpassed that of the spot Bitcoin ETF for the first time. Data shows that over 90% of ETH holders are in profit, with ETH rising nearly 8%, and the price increased to over $3,590 in the past seven days. The cumulative total locked value (TVL) of Ethereum's Layer 2 network has reached a historic 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
The market's expectations for the Ethereum 2.0 upgrade have contributed significantly. The launch of Ethereum 2.0 aims to address performance and security issues present on its network. 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
Many financial institutions have now included Ethereum in their investment portfolios, providing a solid foundation for the long-term development of its tokens. The entry of large institutions has further enhanced investors' confidence in Ethereum.
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