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Citibank: ETH has fallen more than 20% since the beginning of the year, but fundamentals are improving

Citibank: ETH has fallen more than 20% since the beginning of the year, but fundamentals are improving

Bitget2025/02/11 09:31

Golden Finance reports that on February 11, Citibank's latest report pointed out that the price of Ethereum (ETH) has fallen by more than 20% since the beginning of this year, but its fundamentals are improving. The total value locked (TVL) on the Ethereum network has risen sharply, and Ethereum ETFs continue to attract capital inflows, accumulating $3.2 billion since their launch in July. In addition, related search popularity is also rising.

Despite recent fluctuations in user activity, Citibank analysts say that the fundamentals of Ethereum are not entirely pessimistic. The report also mentioned that World Liberty Financial owned by former US President Trump holds over $200 million worth of Ether coins which could be seen as an additional impetus for America's increased support for the crypto industry. Meanwhile, Ether’s weak performance coincides with Bitcoin dominance rate rising to a multi-year high point exceeding 60%.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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