#CryptoRoundTableRemarks

The Ethereum cryptocurrency has seen a rise of over 80% in two months, driven by a decrease in liquidity supply, flows from exchange-traded funds, and institutional support. Mina Theodorou from CoinStash notes that Ethereum exchange-traded funds have gained momentum with continuous net inflows exceeding $1 billion over 17 days, including BlackRock's investment of $500 million. Analysts highlight Ethereum's pivotal role in tokens and stablecoins, with nearly 35 million Ethereum - more than 28% of its circulating supply - being staked, making it more scarce. The network remains dominant in stablecoin transactions, supported by the successful initial offering of Circle. The support from U.S. regulatory bodies, including SEC Chairman Gary Gensler calling for self-custody and innovation in open blockchain technology, represents a positive shift for Ethereum. Although Ethereum's market cap is significantly lower than Bitcoin's (around $300 billion compared to $2.1 trillion), and its exchange-traded fund flows lag behind, Bernstein analysts believe its utility is attracting attention. Joel Kruger from LMAX Group believes that Ethereum may continue to outperform, with the potential to reach $3,500 if adoption trends continue.