Ethereum skyrockets broadly amid growing investor interest
The technical supremacy of Ethereum withstands the onslaught of competition
The ETF effect amplifies structural buying pressure
The Ethereum blockchain consolidates its dominant position thanks to the sustained growth of its network and record institutional flows. Technical and fundamental signals converge towards a promising bullish momentum. But will this increase be enough to push ETH to new heights?
Ethereum dominates decentralized finance with $66.6 billion locked, representing 61% of the total market.
Institutional investors are heavily investing in Ethereum ETFs, with inflows of $837 million since May. The limited supply of ETH available for sale generates upward pressure, with only 16.33 million tokens on the platforms.
The technical supremacy of Ethereum withstands the onslaught of competition.
Ethereum is currently in a consolidation phase between $2,370 and $2,800 since May 10. However, this apparent stability masks an overwhelming dominance in the blockchain ecosystem.
With $66.6 billion in total value locked (TVL), no "Ethereum killer" has managed to break its hegemonic position.
The Ethereum blockchain currently holds 61% of the DeFi market share, while its two main competitors represent less than 14% combined, a dominance highlighted by its growth in spot ETH ETFs and the performance of its prices.
