On February 11th, Citibank's latest report pointed out that the price of Ethereum (ETH) has fallen by more than 20% this year, but its fundamentals are improving. The total value lock (TVL) on the Ethereum network has risen sharply, while the Ethereum ETF continues to attract capital inflows, with a cumulative inflow of $3.20 billion since its launch in July. In addition, related search heat is also on the rise.
Despite the recent volatility in user activity, Citi analysts say that the fundamentals of Ethereum are not entirely pessimistic. The report also mentions that former US President Donald Trump's World Liberty Financial holds more than $200 million in Ether, which could be seen as an additional incentive for the US to strengthen its support for the crypto industry. Meanwhile, Ether's weak performance coincides with the rise in Bitcoin's dominance, which has now reached a multi-year high of more than 60%.
Citi: ETH is down more than 20% year-to-date, but fundamentals are improving
2025-02-11 08:49:55
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