Ethereum $ETH still represents the second largest market for ETF funds in the cryptocurrency sector.
Upgrade and Impact: The recent Fusaka upgrade has improved Ethereum's speed, cost, and scalability.
Deflationary Dynamics: Layer-2 networks are now paying more fees to Ethereum, increasing the 'burn' process of ETH and raising hopes for a return to deflation.
High Expectations: Fund manager Tom Lee continues to aggressively buy ETH, now holding 3.5 million ETH worth about 11 billion dollars. Lee has set a long-term price target for ETH at $62,000, although this depends on broader liquidity conditions
ETHUSDT
Perp
3,060
-1.63%
OGUSDT
Perp
12.02
-0.37%
INJUSDT
Perp
5.16
-3.73%