The 'Spring' of ETH Ethereum is Coming Soon
After the election of former U.S. President Trump, favorable policies have emerged. Trump announced the nomination of former SEC Commissioner Paul Atkins to serve as the next SEC Chairman, a change that may 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 such as 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 the spot Ethereum ETF reached $224.9 million, while the net inflow into the spot Bitcoin ETF only reached $35.2 million. This may mark the first time that the net inflow into the U.S. Ethereum fund has exceeded that of the spot Bitcoin ETF. Data shows that over 90% of ETH holders are in profit, with ETH rising nearly 8%, and the price has increased to over $3,590 in the past seven days. The total locked value (TVL) of Ethereum's Layer 2 network has reached a historical high of over $51.5 billion, marking a cumulative TVL increase of over 205%. Arbitrum One and Base are the main drivers of the 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.
Interest from Institutional Investors
Many financial institutions have already 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.
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