Citigroup: ETH has dropped over 20% year-to-date, but the fundamentals are improving

2025-02-11 16:48:21

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ChainCatcher news, Citibank's latest report points out that the price of Ethereum (ETH) has fallen over 20% this year, but its fundamentals are improving. The total value locked (TVL) on the Ethereum network has significantly increased, while Ethereum ETFs continue to attract inflows, totaling $3.2 billion since their launch in July. Additionally, related search interest is also on the rise.

Although user activity has recently been quite volatile, Citibank analysts indicate that the fundamentals of Ethereum are not entirely pessimistic. The report also mentions that former U.S. President Trump's World Liberty Financial holds over $200 million in Ethereum, which could be seen as an additional impetus for the U.S. to strengthen its support for the crypto industry. Meanwhile, Ethereum's weak performance aligns with the rising dominance of Bitcoin, which has now reached a multi-year high of over 60%.

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