Wall Street Reveals the Main Reason for the Fall in Ethereum! Assesses the Possible Effects of Trump on ETH!

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The largest altcoin Ethereum (ETH*)*** continues to show weakness against Bitcoin, while long-term bullish expectations for ETH persist.

At this point, while Ethereum experienced one of the biggest declines in the last decline, Citi stated in its latest report that Etheruem fundamentals strengthened despite the price decline, and the picture for ETH is starting to become positive.

According to Coindesk's report, Wall Street bank Citi reported that despite Ethereum's drop of more than 20% this year, the fundamentals of ETH have strengthened sharply as the total locked value (TVL) of ETH has increased (TVL).

Analysts have pointed out that user activity has been fluctuating recently, and despite this volatility, they emphasized that US spot ETH ETFs continue to gain traction and that interest in ETH calls has increased.

Citigroup analysts led by Alex Saunders said:

"While user activity has been volatile in recent weeks, the underlying backdrop is not that clear.

ETF entries and searches have increased.

Citi also noted that ***US President Donald Trump and his family hold over 200 million dollars worth of ETH through their DeFi project World Liberty Financial, indicated to support the US' pro-ETH and crypto policies. Analysts said that "holding ETH could be seen as an additional motivation for the US to strengthen its support for the cryptocurrency sector."

Citibank analysts recently stated that the decline and weakness in ETH coincided with the increase in Bitcoin (BTC) dominance, which is currently over 60% and at multi-year highs, and attributed it to this increase.

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