$ETH

📈 Factors Influencing Price Increase

• Increased Institutional Investor Interest: Ethereum exchange-traded funds (ETFs) saw cash inflows exceeding $2.47 billion, indicating growing interest from institutional investors.

• Increased Trading Volume: Ethereum recorded a trading volume increase of 108%, reaching $38.4 billion, reflecting heightened market activity.

• Growth in Decentralized Finance (DeFi): The total value locked (TVL) in DeFi protocols built on the Ethereum network rose to $60 billion, demonstrating increased usage of the network.