Wall Street Giant Reveals Main Reason for Ethereum's Decline! Evaluates Trump's Possible Effects on ETH!

While the largest altcoin Ethereum (ETH) continues to trend weaker against Bitcoin, the long-term bullish outlook for ETH remains. At this point, while Ethereum experienced one of the biggest declines in the last decline, Citi stated in its latest report that the fundamentals of Etheruem have strengthened despite the price decline, and that the picture for ETH has started to become positive. Wall Street bank Citi reported that despite Ethereum falling more than 20% this year, its fundamentals are strengthening as the total value locked (TVL) of ETH has increased sharply, Coindesk reported. Analysts, who stated that user activity has been fluctuating recently, emphasized that despite this fluctuation, US spot ETH ETFs continue to see inflows and ETH search interest has increased. Citi analysts led by Alex Saunders said: “While user activity has been volatile in recent weeks, the underlying underlying conditions are not that uncertain. Because ETF inflows and searches have increased.” Citi also noted that US President Donald Trump and his family’s DeFi project World Liberty Financial (WLFI) holds more than $200 million in ETH, which could support the US’s pro-ETH and pro-crypto policy. “The ETH holding could be seen as additional motivation to ensure that the US strengthens its support for the crypto space,” the analysts said. Citi analysts recently noted that the decline and weakness in ETH coincided with and was driven by the increase in Bitcoin (BTC) dominance, which has reached multi-year highs currently above 60%. *This is not investment advice. Continue Reading: Wall Street Giant Reveals Main Reason for Ethereum's Decline! Evaluates Trump's Possible Effects on ETH!