From Cointelegraph

June 10, 2025 1:03:00 pm:

Key takeaways: Ethereum’s price gains are driven by network activity and spot ETF inflows. Despite trading within a range, indicators suggest potential upward movement. Ethereum leads in total value locked market share, with 61% dominance. TVL for Ethereum’s base layer grew 6% in the past 30 days, outperforming competitors like BNB Chain and Solana.

Ethereum lost ground in DEX volumes due to high fees but maintained lead with layer-2 solutions. Networks challenging Ethereum’s dominance, like Tron and Avalanche, lag in DEX activity. Ethereum’s sustainability questioned due to modest chain fees and network updates benefiting rollups. Ether remains the only altcoin with approved spot ETFs in the US.

Since May 16, spot ETH ETFs have seen $837 million in net inflows, hinting at growing institutional interest. Short-term supply of Ether on exchanges hits record low, with 28.3% of total supply locked in staking. A 48% rally in ETH price from May 7 to May 14 suggests a potential breakout above $2,800 in the near term.

Read more at Cointelegraph: ETH Price Gains Driven By ETH Inflows, Network Growth