Ethereum's market activity and investor sentiment are driving significant price gains, with ETH experiencing robust inflows amid network growth. Currently trading in a range between $2,370 and $2,770, ETH faces a critical resistance level at $2,800. The total value locked (TVL) in Ethereum has risen by 6%, maintaining its dominance in the decentralized finance space, capturing 61% of the market share. Ethereum's layer-2 solutions have played a crucial role, achieving $70 billion in decentralized exchange (DEX) activity over the past month. Despite some criticism over sustainability, the network secured a remarkable $10 billion market in spot exchange-traded funds (ETFs), outperforming its closest competitors, which have not yet gained approvals from regulators. Notably, since mid-May, spot ETH ETFs have seen no outflows, showing strong institutional demand. With a recent supply reduction and increasing deposits in staking, Ethereum's price could potentially break above the $2,800 mark soon. These trends underline Ethereum's leading position in the blockchain landscape, reinforcing its appeal to new investors.

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