$ETH Ethereum (ETH) has been experiencing notable market activity. Over the last month, ETH's price surged by approximately 48%, driven by increased confidence in the Ethereum ecosystem. The rise in Total Value Locked (TVL) to $71.6 billion, a two-year high, highlights its growing adoption in decentralized finance (DeFi). However, challenges like net outflows, with $96.4 million withdrawn recently, could delay further rallies.

Analysts point to the importance of liquidity inflows and continued investor interest to sustain Ethereum’s upward momentum. Factors such as positive funding rates and increased activity in derivatives markets suggest optimism for ETH's future, though near-term fluctuations remain possible.