$ETH #CryptoRoundTableRemarks

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