bullish

Value

Billion

Gains

<ul class="wp-block-list">
 <li>Ethereum's TVL reached $77.15 billion, driven by a $7.79 billion surge in one week.</li>  
 <li>Exchange inflow volumes hit their lowest in a month, signaling reduced selling pressure.</li>  
 <li>Ethereum's breakout from a descending triangle pattern indicates strong bullish momentum.</li> 
</ul>  
<p>Ethereum’s Total Value Locked (TVL) has<a href="https://x.com/CryptoRank_io/status/1867197999841243342" rel="noopener noreferrer nofollow"> reached</a> a record-breaking $77.15 billion, marking an increase of $7.79 billion within a week. This growth underscores Ethereum's dominance among blockchain platforms, driven by a rising price and increased ecosystem activity.&nbsp;&nbsp;</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  https://twitter.com/CryptoRank_io/status/1867197999841243342
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<h2 class="wp-block-heading" id="h-ecosystem-boost-of-ethereum-nbsp"><strong>Ecosystem Boost of Ethereum&nbsp;</strong></h2>  
<p>The increase in TVL shows the level of trust in Ethereum’s ecosystem that has been built up over time. Proposed as an essential indicator, the total value locked in determines the total capital locked in dApps and protocols in the network. This kind of massive growth demonstrates the confidence that institutions and users have in Ethereum’s platform and offerings.&nbsp;&nbsp;</p>  
<p>Top protocols driving this growth include Lido Finance, <a href="https://cryptonewsland.com/aave-aave-hits-300-after-3-years-soaring-32-in-a-day/" rel="noopener noreferrer nofollow">Aave</a>, EigenLayer, Ether.Fi, and Spark. Collectively, these protocols have attracted substantial capital inflows, strengthening Ethereum’s position in the decentralized finance (DeFi) sector.&nbsp;&nbsp;</p>  
<p>Additionally, <a href="https://studio.glassnode.com/charts/defi.TotalValueLocked?a=ETH&amp;category=Supply" rel="noopener noreferrer nofollow">&nbsp;data</a> from Glassnode shows a drop in Ethereum exchange inflows, reaching their lowest level in over a month. This decline suggests reduced selling pressure, as holders are less inclined to liquidate their positions. The combination of increasing TVL and lower exchange inflows signals robust market sentiment and a potential bullish outlook for Ethereum.&nbsp;&nbsp;</p>  
<h2 class="wp-block-heading" id="h-technical-indicators-support-bullish-momentum-nbsp"><strong>Technical Indicators Support Bullish Momentum&nbsp;</strong></h2>  
<p>Ethereum’s price action has also<a href="https://cryptonewsland.com/ethereum-breaks-key-pattern-targets-10k-or-drops-to-2-5k-support/" rel="noopener noreferrer nofollow"> provided optimism</a>. The three-day chart shows a breakout from a descending triangle pattern, which typically indicates bearish trends. However, Ethereum’s upward breakout suggests strong buying momentum, countering previous distribution phases.&nbsp;&nbsp;</p>  
<p>With this breakout, Ethereum briefly touched the <a href="https://coinmarketcap.com/currencies/ethereum/" rel="noopener noreferrer nofollow">$4,000</a> mark and appears set for further upward movement. Key resistance lies at $4,200, while $3,175 serves as a critical support level.&nbsp;&nbsp;</p>  
<p>The sustained growth in TVL, combined with reduced selling pressure and technical support, paints a positive picture for Ethereum. Ethereum’s strong ecosystem and market confidence continue to position it as a leader in the blockchain space.</p> 
<p>The post <a href="https://cryptonewsland.com/ethereums-total-value-locked-hits-record-high/" rel="noopener noreferrer nofollow">Ethereum’s Total Value Locked Hits Record High, Gains $7.79 Billion in a Week</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Ethereum’s Total Value Locked Hits Record High, Gains $7.79 Billion in a Week

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