Ethereum ($ETH) is experiencing a significant upswing, with its Total Value Locked (TVL) increasing by $4.81 billion over the past seven days.
This surge reflects renewed investor confidence and strong capital inflows into the network. Other platforms like Base and Hyperliquid have also seen impressive TVL growth, gaining $302.02 million and $290.21 million, respectively, further highlighting the rising interest across the decentralized finance (DeFi) space.
In a notable move, a trader with an 83.3% win rate in ETH trades has re-entered the market. Within the last 40 minutes, this smart money investor spent $13.75 million aEthUSDT to purchase 3,710 ETH at an average price of $3,706, signaling strong conviction in Ethereum’s bullish trajectory.
重操旧业🤣 ETH 波段胜率 83.3% 的老哥玩回 $ETH 了！
过去 40 分钟，聪明钱花费 1375 万枚 aEthUSDT 买入 3,710 枚 ETH，平均成本 $3706
大哥重回舒适区后能赚钱吗？一起蹲下第 19 次波段的结果吧哈哈；钱包地址 https://t.co/DHcMxE3GOE https://t.co/h1L4SOfi7N pic.twitter.com/rcn591Rwtq
— Ai 姨 (@ai_9684xtpa) December 2, 2024
Ethereum Institutional Interest Surges
Institutional interest in Ethereum is also gaining momentum, as evidenced by substantial inflows into Ethereum-based ETFs. Between November 25 and November 29, the Ethereum spot ETF recorded a net inflow of $467 million.
BlackRock’s ETHA ETF led the pack with $300 million in weekly inflows, while Fidelity’s FETH ETF contributed $120 million. These figures underscore growing institutional adoption and confidence in Ethereum as a long-term investment.
Last week (November 25 to November 29), the Ethereum spot ETF had a net inflow of $467 million. The Blackrock ETF ETHA had a weekly net inflow of $300 million, and the Fidelity ETF FETH had a weekly net inflow of $120 million.https://t.co/Tvs2oCSxTg pic.twitter.com/GWT29W1AB9
— Wu Blockchain (@WuBlockchain) December 2, 2024
The combined impact of rising TVL, smart money investments, and institutional inflows positions Ethereum for sustained growth. The DeFi ecosystem continues to expand, attracting both retail and institutional participants. As funds flow into Ethereum and related platforms, the network’s foundational role in the blockchain ecosystem becomes increasingly apparent.
With bullish sentiment building and strong fundamentals in place, Ethereum is poised to maintain its upward momentum, reinforcing its status as a leading asset in the cryptocurrency market.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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